The Money Laundering Prevention System

Directory of Open Access Journals (Sweden)

Sonja Cindori

2007-03-01

Full Text Available The paper presents the money laundering and terrorist financing prevention system in Croatia. The basic concepts are defined, the principles and fundamentals of international regulations analysed, and the regulatory system in Croatia covered by statute and money laundering prevention Regulations is presented, in conjunction with a description of the organisation, remit and international actions of the Money Laundering Prevention Office.The infiltration of dirty money is a crucial problem from national economies. The purchase of shares, of real estate, the establishment of dirty investment funds and the use of the banking system for the embedding of such resources is a danger to the credibility of a whole country, and in particular to the security of the financial and banking system. Croatia has adopted statutory measures aimed at the effective detection and prevention of suspicious financial transactions, in other words the prevention of money laundering.Launderers constantly find new ways, make use of new non-financial channels and expand their activities to real estate, artworks and insurance. Hence it is necessary to keep up with European approaches and recommendations, to strive for further improvement of the laws and the modernisation of the system, and to adopt new regulations harmonised with international standards, particularly with Directive 2005/60/EC.

NEW TRENDS AND PERSPECTIVES IN THE MONEY LAUNDERING PROCESS

Directory of Open Access Journals (Sweden)

ANA ALINA DUMITRACHE

2011-04-01

Full Text Available Due to its complexity, the crime of money laundering can be committed through a variety of methods which are in a constantly evolving. It seems that money launderers are always one step ahead of authorities. They find new and various ways to launder the proceeds of crime despite the efforts of the law enforcement authorities to develop the best tools to stop or at least to make difficult the criminal activity of money laundering. This study aims to analyze the latest money laundering typologies approaching online payment systems, virtual casinos, electronic auctions and Internet gambling.

The Vulnerability of Correspondent Banking on Money Laundering

OpenAIRE

Handoyo, Sigit

2017-01-01

Bank has important role in process of converting illicit money to be legal proceeds. Once opportunity appears, money launderer will take advantage of that situation. Generally, banks which have poor anti-money laundering control become the main priority for offenders to process laundering their illicit money. These typical banks are usually high risk engaged in criminal behaviour, because they do not know whether or not their clients are engaged in money laundering activities. Offenders in ot...

The Governance of Money Laundering

DEFF Research Database (Denmark)

Tsingou, Eleni

2014-01-01

What are the drivers behind the anti-money laundering (AML) governance framework? Who are the actors and institutions, and what is the policy content? This chapter provides an overview of the processes and mechanisms of AML policy-making. AML is often presented as a financial problem, and something......, moreover, that is key to debates about international political economy (IPE) since it goes to the heart of the integrity of the financial system and also, at least in principle, aims to impose controls on the movement of money. Yet, as a policy concern, thinking about money laundering was developed away...... from traditional settings for the regulation of global finance. Instead, AML policies were driven by and linked to the public policy objectives of law and order. As a result, the governance of money laundering encompasses a broad set of goals, techniques and professional knowledge. It brings together...

Gatekeepers’ Roles as a Fundamental Key in Money Laundering

Directory of Open Access Journals (Sweden)

Paku Utama

2016-08-01

Full Text Available This study examines problem of money laundering and identifies role of gatekeepers in utilising their expertise to conceal the proceeds of crime. In order to successfully prevent and investigate money laundering, we need to understand the development of anti-money laundering regime and how country like Indonesia adopts this development into its domestic regulations. Nevertheless, it is crucial to comprehend gatekeepers utilising various money laundering mechanisms and offshore financial centres. Scrutinised cases from Indonesia and corporate practices from Singapore on this study highlight how gatekeepers operate in the private sector, wittingly or unwittingly, use their expert knowledge of the international financial system to facilitate criminals and to secure the movement of the proceeds of crime globally. 

Gravity Models of Trade-Based Money Laundering

OpenAIRE

Ferwerda, Joras; Kattenberg, Marc; Chang, Han-Hsin; Unger, Brigitte; Groot, Loek; Bikker, Jaap

2011-01-01

Several attempts have been made in the economics literature to measure money laundering. However, the adequacy of these models is difficult to assess, as money laundering takes place secretly and, hence, goes unobserved. An exception is tradebased money laundering (TBML), a special form of trade abuse that has been discovered only recently. TBML refers to criminal proceeds that are transferred around the world using fake invoices that under- or overvalue imports and exports. This article is a...

7 CFR 3560.462 - Money laundering.

Science.gov (United States)

2010-01-01

... 7 Agriculture 15 2010-01-01 2010-01-01 false Money laundering. 3560.462 Section 3560.462 Agriculture Regulations of the Department of Agriculture (Continued) RURAL HOUSING SERVICE, DEPARTMENT OF... Other Actions § 3560.462 Money laundering. The Agency will act in accordance with U.S. Code Title 18...

Money laundering: The question of precedent relevant criminal fact

Directory of Open Access Journals (Sweden)

Fernando ANDRADE FERNANDES

2014-07-01

Full Text Available The article aims to make a more detailed analysis on the problem of the autonomy of money laundering crime. The rationale for the study is the existence of an understanding that defends the autonomy of the money laundering crime, despite the linkages she has with the precedent crime, of which result the illicit assets. The issue of autonomy of money laundering crime is analyzed in the perspective of the Criminal Law and Criminal Procedure.

Money Laundering. Aspects of Legal and Criminal Issues

Directory of Open Access Journals (Sweden)

Alina DUMITRACHE

2011-11-01

Full Text Available This study aims at analyzing objectively various techniques and methods of money laundering, both in classical and modern ways, by presenting case studies from the legal practice in Romania, in an attempt to clarify a number of issues related to the complexity of this crime, current and future tendencies of financial criminals for laundering proceeds of crime. Also, according to the analysis of comparative law performed in the last chapter, we highlighted a number of similarities and differences between the Romanian legislation and the legislative laws of other states, surprising the forms and effects of money laundering on the studied national systems as well as highlighting the measures for preventing and fighting against these crimes adopted by the analyzed legal systems. The comparative approach of the criminal and legal framework of preventing and combating money laundering is essential for the Romanian legal system efficiency in this matter.

31 CFR 103.137 - Anti-money laundering programs for insurance companies.

Science.gov (United States)

2010-07-01

... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Anti-money laundering programs for... Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering Programs Anti-Money Laundering Programs § 103.137 Anti-money laundering programs for insurance companies...

31 CFR 103.130 - Anti-money laundering programs for mutual funds.

Science.gov (United States)

2010-07-01

... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Anti-money laundering programs for... Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering Programs Anti-Money Laundering Programs § 103.130 Anti-money laundering programs for mutual funds. (a) For...

Money Laundering – an Economic Offence

OpenAIRE

Camelia ŞERBAN MORĂREANU

2011-01-01

Preventing and combating money laundering, the product of the transnational organized crime, in general, is one of the most efficient means of stopping this activity, which is a threat for the national or international economic operations. The penal incrimination and sanction of money laundering is a useful instrument for the accountability of all categories of offenders, but also with the purpose of imposing more severe sanctions for those who commit offences generating dirty money, behind s...

The Development of Anti-Money Laundering Regime: Challenging issues to sovereignty, jurisdiction, law enforcement, and their implications on the effectiveness in countering money laundering

NARCIS (Netherlands)

H. Amrani (Hanafi)

2012-01-01

textabstractThere is a relationship between money laundering and anti-money laundering regime (hereinafter referred to as ‘AML-regime’). On the one hand, money laundering has significantly increased following the development of technology that offers complicated, sophisticated, and professional

Money Laundering Detection Framework to Link the Disparate and Evolving Schemes

Directory of Open Access Journals (Sweden)

Murad Mehmet

2013-09-01

Full Text Available Money launderers hide traces of their transactions with the involvement of entities that participate in sophisticated schemes. Money laundering detection requires unraveling concealed connections among multiple but seemingly unrelated human money laundering networks, ties among actors of those schemes, and amounts of funds transferred among those entities. The link among small networks, either financial or social, is the primary factor that facilitates money laundering. Hence, the analysis of relations among money laundering networks is required to present the full structure of complex schemes. We propose a framework that uses sequence matching, case-based analysis, social network analysis, and complex event processing to detect money laundering. Our framework captures an ongoing single scheme as an event, and associations among such ongoing sequence of events to capture complex relationships among evolving money laundering schemes. The framework can detect associated multiple money laundering networks even in the absence of some evidence. We validated the accuracy of detecting evolving money laundering schemes using a multi-phases test methodology. Our test used data generated from real-life cases, and extrapolated to generate more data from real-life schemes generator that we implemented.

Money laundering in Dubai: strategies and future directions

OpenAIRE

Belaisha, Belaisha; Brooks, Graham

2014-01-01

Purpose\\ud – This paper aims to highlight present strategies to prevent money laundering in Dubai.\\ud \\ud Design/methodology/approach\\ud – Thirty semi-structured interviews were conducted with Anti Money Laundering Suspicion Cases Unit (AMLSCU), Anti Organized Crime Department (AOCD) and Central Bank employees.\\ud \\ud Findings\\ud – This paper shows that AMLSCU, AOCD and Central Bank employees are aware that future strategies to prevent money laundering are needed.\\ud \\ud Research limitations/...

Corporate responsibility and prevention of money laundering

Directory of Open Access Journals (Sweden)

Đurđević Dragan Ž.

2015-01-01

Full Text Available This paper analyzes corporate responsibility and prevention of money laundering from the point of view of the new emerging business enviroinment, while taking into account the aspects of risk and legal responsibility. Furthermore, it analyzes the legal foundation, international standards, as well as the national Serbian regulatory system approach to anti-money laundering battle. The paper points to the key elements of anti-money laundering activities aimed at protection and safeguarding business interests, using the principles like 'knowing your client well', protecting your employees etc. By doing so, we also protect national interests, increase security and maintain the rule of law and of the stability of democratic society and institutions. Special focus is placed on the activities, roles and responsibilities of management in recognizing money laundering indicators and typologies, as well as the education of corporate staff in this area so as to be able to detect the aforementioned illegal activities in a timely manner.

Legal Principles and Solutions to Combat Money Laundering in the International System

OpenAIRE

Majid Karimi

2013-01-01

This study focuse on combat money laundering legal principles and solutions to in the International System. As its clear Money laundering is the attempt to disguise the proceeds of illegal activity so that they appear to come from legitimate sources. Money is laundered through banking systems and credit institutions, non financial institutions and non financial economic activities. Combating money laundering phenomenon dates back to the 1980s. In 1989, Financial Action Task Force was set up t...

MONEY LAUNDERING AS A TYPE OF ORGANIZED CRIME

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Stevan Aleksoski

2015-07-01

Full Text Available Laundry wash is a new form of crime that endangers stability, transparency and efficiency of financial systems, the developed countries and developing countries. One of the most widespread and simplest understanding, and according to some authors and simplest definition of the term money laundering is the conversion of "black money in green." The most comprehensive definition of the term money laundering would be the definition accepted by the G-7 and the FATF, as supplemented by the element of avoiding legal consequences. According to this definition the process of money laundering is: - "The process by which the gains for which it is believed to originate from criminal activity are transported, transferred, converted or incorporated into legal funds in order to conceal their origin, source, movement or ownership. The purpose of the process of money laundering through illegal activities to enable these funds to appear as legitimate, and persons involved in criminal activity to escape the legal consequences of such action. " Given that money laundering is an international problem, the national regulations of almost all countries contain provisions that prohibit and penalize any kind of organized crime aimed at acquiring illegal material benefit. The money acquired illegally, criminals need to legalize or black money to resort to legal financial flows in order to conceal their origin, source, movement or ownership.

Worldwide Anti-Money Laundering: Regulation: Estimating the Costs and Benefits

OpenAIRE

D. Masciandaro; R. Barone

2008-01-01

The aim of this article is to offer a simple framework for estimating the benefits and costs of anti-ML regulation, based on a prudent estimation of the economic value of worldwide money laundering. Using the multiplier model of the relationship between criminal markets revenues and money laundering activities and data for 2004, the value of money laundering is equal to US$1.2 trillion (2.7% of the world GDP), while the maximum theoretical benefit in combating money laundering using financial...

Forensic Accounting Profession and Prevention of Money Laundering

Directory of Open Access Journals (Sweden)

Murat KASAP

2013-06-01

Full Text Available In today’s world, globalization and the increased use of information technology have resulted to the significant increases of economic crimes in recent years. Accordingly, financial crimes, such as money laundering misconducts have increased significantly. The police play active roles in the fight against money laundering and related crimes in Turkey. However, professional support is essential in order to effectively combat money laundering. In other words, not only a good level of economics, finance, accounting knowledge is critical; but also, a decent level of law information is crucial in the detection and prevention of these crimes. Increasing the effectiveness of forensic accounting profession, especially in the USA, has an important role in the prevention and detection of money laundering. Since forensic accountants have skills and capacities of litigation support, investigative accounting and expertise.

Effects of Money Laundering on Iraq’s Economy

OpenAIRE

Alhafidh, Mustafa Adel Kamel

2015-01-01

ABSTRACT: This research is based on the subject of “Money Laundering effects on Iraq‟s economy”. Money laundering is the biggest phenomenon of today‟s world and it is the result of a country‟s political and social consequences. It‟s not just impact the society, but destroys the entire economy of a country. Iraq is known as a heaven for criminals to launder their money. Iraq is a country full of natural resources that makes it important in the entire world, but besides all this country is the ...

Money Laundering Detection Framework to Link the Disparate and Evolving Schemes

OpenAIRE

Murad Mehmet; Miguel Fuentes Buchholtz

2013-01-01

Money launderers hide traces of their transactions with the involvement of entities that participate in sophisticated schemes. Money laundering detection requires unraveling concealed connections among multiple but seemingly unrelated human money laundering networks, ties among actors of those schemes, and amounts of funds transferred among those entities. The link among small networks, either financial or social, is the primary factor that facilitates money laundering. Hence, the analysis of...

Prepaid cards: vulnerable to money laundering?

OpenAIRE

Stanley J. Sienkiewicz

2007-01-01

This paper discusses the potential money laundering threat that prepaid cards face as they enter the mainstream of consumer payments. Over the past year, several government agencies have issued reports describing the threat to the U.S. financial system, including the use of prepaid cards by money launderers. Also, this paper incorporates the presentations made at a workshop hosted by the Payment Cards Center at which Patrice Motz, executive vice president, Premier Compliance Solutions, and Pa...

Money Laundering, Corruption and Growth: An Empirical Rationale for a Global Convergence on Anti-Money Laundering Regulation

OpenAIRE

Cavalcante Veiga, Luiz Humberto; Andrade, Joaquim Pinto

2006-01-01

This paper provides empirical evidence on the impact of anti-money laundering regulations on growth and, it examines the rationale for a global adoption of these rules. The empirical results have led us to confirm a positive relation between low corruption levels and high investment and growth. We approached the impact on growth of money laundering prevention (MLP) initiatives in two ways: first, by verifying that the existence of these initiatives affects the perception of corruption. Second...

31 CFR 103.170 - Exempted anti-money laundering programs for certain financial institutions.

Science.gov (United States)

2010-07-01

... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Exempted anti-money laundering... TRANSACTIONS Anti-Money Laundering Programs Anti-Money Laundering Programs § 103.170 Exempted anti-money... establishment of anti-money laundering programs: (1) An agency of the United States Government, or of a State or...

31 CFR 103.135 - Anti-money laundering programs for operators of credit card systems.

Science.gov (United States)

2010-07-01

... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Anti-money laundering programs for...-Money Laundering Programs Anti-Money Laundering Programs § 103.135 Anti-money laundering programs for.... Virgin Islands. (b) Anti-money laundering program requirement. Effective July 24, 2002, each operator of...

The global anti-money laundering regime: an assessment of effectiveness

OpenAIRE

Ramírez Vásquez, Daniel

2017-01-01

Money laundering is the most commonly occurring form of financial crime -- This has been facilitated by the presence of diverse technology that has made money laundering easier -- Globally, money laundering is a major concern since it is linked to terrorist financing and corruption of the financial systems -- In response, the international community has strengthened the AML/CFT structures following the terrorist act in the Unites States in September 2011 -- The thesis presents an analysis of ...

2007 National Money Laundering Strategy

National Research Council Canada - National Science Library

2007-01-01

... them. The National Money Laundering Strategy for 2007 identifies areas in which the U.S. government will work to revise, enhance, or renew efforts to enforce existing Federal laws and regulations...

Anti-Money Laundering Efforts - Failures, Fixes and the Future

NARCIS (Netherlands)

Deleanu, I.S.

2015-01-01

In this PhD thesis I address important topics in the debate on and the organisation of the Anti-Money Laundering efforts, which are related to the legitimacy and the effectiveness of the Anti-Money Laundering policies. First of all, this thesis provides a reflection on the assessments of concern

Establishing the link between money laundering and tax evasion

OpenAIRE

Storm, Ansia

2013-01-01

No clear link has yet been made between tax evasion and money laundering although many (or all) of the professionals in this field may have already assumed the relation. The aim of the research that was conducted for the purposes of this article was to explore whether there is a clear link between tax evasion and money laundering. This was done by studying the relevant literature available on both subjects. The findings, that there is a clear link between these two offences, we...

The Relationship between Economic Growth and Money Laundering – a Linear Regression Model

Directory of Open Access Journals (Sweden)

Daniel Rece

2009-09-01

Full Text Available This study provides an overview of the relationship between economic growth and money laundering modeled by a least squares function. The report analyzes statistically data collected from USA, Russia, Romania and other eleven European countries, rendering a linear regression model. The study illustrates that 23.7% of the total variance in the regressand (level of money laundering is “explained” by the linear regression model. In our opinion, this model will provide critical auxiliary judgment and decision support for anti-money laundering service systems.

31 CFR 103.120 - Anti-money laundering program requirements for financial institutions regulated by a Federal...

Science.gov (United States)

2010-07-01

... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Anti-money laundering program... Laundering Programs Anti-Money Laundering Programs § 103.120 Anti-money laundering program requirements for... anti-money laundering program that complies with the requirements of §§ 103.176 and 103.178 and the...

The Multidisciplinary Economics of Money Laundering

NARCIS (Netherlands)

Ferwerda, J.|info:eu-repo/dai/nl/314405526

2012-01-01

Money laundering has been studied for many years, but mainly by lawyers and criminologists. This dissertation presents a number of ways on how an economist – mainly in a multidisciplinary fashion – can contribute to this field of research. This dissertation answers four important questions about

Preventing money laundering: A legal study on the effectiveness of supervision in the European Union

NARCIS (Netherlands)

Broek, M. van den

2015-01-01

The process of concealing illegally obtained proceeds, better known as money laundering, is criminalised virtually all around the world and has been a law enforcement priority since the early 1990s. The international nature of money laundering, combined with estimations on the scope and the

Having the Blues : Money Laundering in Professional Football

NARCIS (Netherlands)

Nelen, Hans; Nelen, Hans; Siegel, Dina

2017-01-01

The central theme of this contribution is money laundering in professional football. First, it is clarified why the professional football sector is so appealing to persons and organisations for laundering their criminally acquired assets. Then it is examined how these risks have materialised in

On the frontline against money-laundering: the regulatory minefield

OpenAIRE

Gelemerova , Liliya

2008-01-01

Abstract Intelligence gathering plays a vital role in the `war? against money laundering. Particularly important in this intelligence gathering process is the global network of Financial Intelligence Units (FIUs) fed by a host of auxiliary (primarily financial) institutions required to report suspicious transactions. This paper briefly reviews the history of the international system of anti-money laundering measures imposed on the financial industry and other regulated businesses, ...

Money Laundering and International Efforts to Fight It

OpenAIRE

David Scott

1996-01-01

According to one estimate, US$300 billion to US$500 billion in proceeds from serious crime is laundered each year. Left unchecked, money laundering could criminalize the financial system and undermine development efforts in emerging markets. The author reviews efforts by international bodies to fight it.

78 FR 65764 - Information Collection Proposed Renewal Without Change; Comment Request; Anti-Money Laundering...

Science.gov (United States)

2013-11-01

... Renewal Without Change; Comment Request; Anti-Money Laundering Programs; Due Diligence Programs for... policies, procedures, and controls reasonably designed to detect and report money laundering through... Enforcement Network, P.O. Box 39, Vienna, VA 22183, Attention: Comments on Anti-Money Laundering Program and...

75 FR 76677 - Financial Crimes Enforcement Network: Anti-Money Laundering Program and Suspicious Activity...

Science.gov (United States)

2010-12-09

...: Anti-Money Laundering Program and Suspicious Activity Report Filing Requirements for Residential... loan or finance companies for the purpose of requiring them to establish anti-money laundering programs...-money laundering program requirements on financial institutions.\\3\\ The authority of the Secretary to...

Thailand; Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

OpenAIRE

International Monetary Fund

2007-01-01

This Detailed Assessment Report focuses on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Thailand. The report discusses that Thailand has a legal framework in the Anti-Money Laundering Act 1999 (AMLA) around which the core elements of its AML/CFT regime are established. The AMLA criminalizes money laundering by reference to eight predicate offenses and establishes the Anti-Money Laundering Office (AMLO) as Thailand’s financial intelligence unit. It imposes some ...

Combating Corruption Relates Money Laundering Activities in Indonesia: a Hope and Reality

OpenAIRE

Handoyo, Sigit

2008-01-01

Corruption in Indonesia has become a culture and systemic so that it could not be eradicated in the short period of time. As corruption is closely related to money laundering activities, it is not impossible that combating corruption also means combating money laun-dering activities. PPATK (Pusat Pengkajian dan Analisis Transaksi Keuangan) as the Indone-sia's FIU (Financial Intelligence Unit) has hard works to reveal those money laundering and corruptions activities. Beside its obstacles, PPA...

76 FR 69204 - Anti-Money Laundering Program and Suspicious Activity Reporting Requirements for Housing...

Science.gov (United States)

2011-11-08

... 1506-AB14 Anti-Money Laundering Program and Suspicious Activity Reporting Requirements for Housing... enterprises as financial institutions for the purpose of requiring them to establish anti-money laundering... organizations to establish anti-money laundering programs and report suspicious activities is intended to help...

31 CFR 103.140 - Anti-money laundering programs for dealers in precious metals, precious stones, or jewels.

Science.gov (United States)

2010-07-01

... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Anti-money laundering programs for... FOREIGN TRANSACTIONS Anti-Money Laundering Programs Anti-Money Laundering Programs § 103.140 Anti-money...) Anti-money laundering program requirement. (1) Each dealer shall develop and implement a written anti...

Combating Corruption Relates Money Laundering Activities in Indonesia: A Hope and Reality

OpenAIRE

Handoyo, Sigit

2009-01-01

Corruption in Indonesia has become a culture and systemic so that it could not be eradicated in the short period of time. As corruption is closely related to money laundering activities, it is not impossible that combating corruption also means combating money laun-dering activities. PPATK (Pusat Pengkajian dan Analisis Transaksi Keuangan) as the Indone-sia’s FIU (Financial Intelligence Unit) has hard works to reveal those money laundering and corruptions activities. Beside its obstacles, PPA...

Dancing with the Devil: A Study of Country Size and the Incentive to Tolerate Money Laundering

NARCIS (Netherlands)

Gnutzmann, H.; Mccarthy, K.; Unger, B.

The incidence of money laundering, and the zeal with which international anti-money laundering (AML) policy is pursued, varies significantly from country to country, region to region. There are, however, quite substantial social costs associated with a policy of toleration, and this begs the

VIEWS REGARDING THE ORGANIZATION OF THE ACTIVITIES RELATEDTO THE PREVENTION AND COMBAT AGAINST MONEY LAUNDERING

OpenAIRE

DUMITRESCU Serju; AVRAM Marioara

2012-01-01

The present paper tries to render different aspects of money laundering in Romania according to the present legislation. We have tried to identify several aspects related to this issue such as: the sequences of the money laundering process, the entities having reporting obligations, the duties of the persons in charge with the prevention & combat against money laundering, report deadlines, different types of reporting which have to be done to the Money Laundering Department , the contraventio...

77 FR 16319 - Proposed Renewal; Comment Request; Anti-Money Laundering Programs for Various Financial Institutions

Science.gov (United States)

2012-03-20

...; Anti-Money Laundering Programs for Various Financial Institutions AGENCY: Financial Crimes Enforcement... certain insurance companies to develop and implement written anti-money laundering programs reasonably designed to prevent those financial institutions from being used to facilitate money laundering and the...

77 FR 8148 - Anti-Money Laundering Program and Suspicious Activity Report Filing Requirements for Residential...

Science.gov (United States)

2012-02-14

... 1506-AB02 Anti-Money Laundering Program and Suspicious Activity Report Filing Requirements for... finance companies for the purpose of requiring them to establish anti-money laundering programs and report... Secretary is authorized to impose anti-money laundering (``AML'') program requirements on financial...

75 FR 47346 - Proposed Renewal Without Change; Comment Request; Anti-Money Laundering Programs; Special Due...

Science.gov (United States)

2010-08-05

...; Comment Request; Anti-Money Laundering Programs; Special Due Diligence Programs for Certain Foreign... reasonably designed to detect and report money laundering through correspondent accounts and private banking..., P.O. Box 39, Vienna, VA 22183, Attention: Comments on Anti-Money Laundering Program and Special Due...

Designing Supervision under the preventive Anti-money laundering policy in the European Union

OpenAIRE

van den Broek, Melissa

2014-01-01

Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing is currently one of the main instruments which regulates efforts to combat money laundering (and terrorist financing) in the European Union. Respecting national procedural autonomy, this directive leaves a high degree of freedom for the Member States in designing their own supervisory architectures under the preventive anti-money laundering policy. This contrib...

Anti-money laundering and counter-terrorist financing in the Luxembourg investment fund market

OpenAIRE

Dietz, Andrea

2017-01-01

The field of Anti-Money Laundering and Counter-Terrorist Financing in their current form have had an important impact on the financial world for almost half a century. Today, Money Laundering and Terrorist Financing pose a threat to the integrity of the financial markets and systems worldwide. The intention behind implementing a regulatory Anti-Money Laundering and Counter-Terrorist Financing framework is to cut off the financial resources of criminals and to follow back the traces that finan...

Bitcoin as cash in terms of the european anti-money laundering directive

NARCIS (Netherlands)

Kaiser, Carolin

2016-01-01

The European Anti-Money Laundering Directive 2015/849 sets out detailed rules for the prevention of money laundering and terrorist financing. It presents a clear framework for financial institutions, covering both cash and electronic payments systems. However, the directive fails to regulate digital

Karapara Aklama Aracı Olarak Yeni Bir Mali Suç: Siber-Aklama(New Financial Crime As A Black Money Laundering Tool: Cyber-Laundering

Directory of Open Access Journals (Sweden)

Mustafa MİYNAT

2013-01-01

Full Text Available Today, banks and other financial institutions are one of at the most institutions which are using as an intermediary on black money laundering. Developments in technology have increased some risk factors for financial institutions too. One of these risks is online crime is becoming a more frequent encounters for banks and financial institutions while they are busy with operational processes.The purpose of this study is to identify the points that banks have to prevent the crime of money laundering which results from the misuse of information technologies. Further it was tried to explore the effects of cyber crime and money laundering together.

Anti-Money Laundering Regulations And The Effective Use Of Mobile Money In South Africa – Part 2

Directory of Open Access Journals (Sweden)

Marike Kersop

2015-12-01

Full Text Available Mobile financial services, specifically mobile money, has the potential to expand access to financial services to millions of unbanked people in South Africa. As such, it looks very promising in terms of financial inclusion. However, concerns exist that mobile money can be detrimental to financial integrity since there are several proven risk factors linked to mobile financial services. These risk factors make mobile money very susceptible to money laundering. The potential for abuse and the need for appropriate controls is therefore something which cannot be ignored. While the South African legislator has made provision for comprehensive anti-money laundering preventative measures by means of the Financial Intelligence Centre Act 38 of 2001, there exists no South African legislation explicitly concerned with mobile money. It is therefore difficult to determine what the regulatory stance is in terms of mobile money in South Africa. The Financial Action Task Force (FATF is, however, currently focusing attention on the effect which mobile money may have on financial integrity. The latest FATF Recommendations make provision for several anti-money laundering controls which are specifically applicable to mobile money, including controls regarding money or value transfer services and new technologies. While it is always difficult to balance financial integrity and financial inclusion, the risk-based approach makes it possible for governments to implement effective anti-money laundering measures, thereby preserving financial integrity, without the need to compromise on financial inclusion objectives. The fact that South Africa has not fully adopted a risk-based approach is a problem which needs to be addressed if mobile money is to deliver on its promises for financial inclusion, without being detrimental to financial integrity

The role of social networks for combating money laundering

NARCIS (Netherlands)

Imanpour, M.

2017-01-01

Money laundering is the disguising of the illegal origin of money by bringing it back into the legal financial circuit. Therefore, in this dissertation I try to establish a theoretical framework to understand the role of social networks, and the link between criminals and legal actors in the money

Sport without game: Money laundering

Directory of Open Access Journals (Sweden)

Fijat Ljiljana M.

2014-01-01

Full Text Available Sport is firmly connected to politics in the whole world, the Republic of Serbia being no exception. Pronounced motives of profit in sport led to the appearance of new problems, like money laundering and business and moral unreliability of the participants. Some of anomalies are connected with politically exposed persons (PEP. Offering services within the banking industry, especially considering the private banking, entails a higher degree of discretion and confidentiality in comparison with the ordinary clients. Misuse of these business relationships by PEP has been identified. This paper surveys the statistically significant differences between domestic banks and the domestic banks with the foreign capital in relation to the groups of procedures concerning PEP based on the Recommendation 6 of the Financial Action Task Force on Money Laundering - FATF. Although the domestic banks with the foreign capital were obliged to apply the procedures related to the FATF's Recommendations to the same extent as the Main Office, significant differences between domestic and foreign banks were not found, in terms of Recommendation 6. Inadequacy of regulations and lack of enforcement procedures jeopardize the program of reforms, threatening, the privatisation in sports.

Synthesis of the PhD thesis "Anti-money laundering and counter terrorism financing management"

Directory of Open Access Journals (Sweden)

Camelia Popa

2013-03-01

Full Text Available As a whole, this PhD thesis follows three research lines, namely: (1 the conceptual line - concerns the definition of the money laundering and terrorism financing phenomenon, the processes, mechanisms, stages and instruments of the laundering of illegally obtained fund; (2 the estimative line aimed at measuring the size of money laundering phenomenon, the economic, social and security effects and consequences; (3 the line of an awareness of the need to prevent and fight against the effects arising from money laundering processes, the national and international efforts taken until present nation- and worldwide and the future measures required to diminish the consequences of this scourge.

Dancing with the devil : Country size and the incentive to tolerate money laundering

NARCIS (Netherlands)

Gnutzmann, Hinnerk; McCarthy, Killian J.; Unger, Brigitte

The incidence of money laundering, and the zeal with which international anti-money laundering (AML) policy is pursued, varies significantly from country to country, region to region. There are, however, quite substantial social costs associated with a policy of toleration, and this begs the

Anti-Money Laundering and Combating the Financing of Terrorism : Republic of Uganda

OpenAIRE

World Bank

2007-01-01

This assessment of the anti-money laundering (AML) and combating the financing of terrorism (CFT) regime of Uganda was based on the 2003 Forty Recommendations on Money Laundering and the Nine Special Recommendations on Terrorist Financing of the Financial Action Task Force (FATF) (FATF 40+9), and was prepared using the AML/CFT Methodology of 2004. During the mission, the assessment team me...

77 FR 31434 - Finding That JSC CredexBank Is a Financial Institution of Primary Money Laundering Concern

Science.gov (United States)

2012-05-25

... CredexBank is a financial institution of primary money laundering concern. DATES: The finding made in... Law 107-56. Title III of the USA PATRIOT Act amends the anti- money laundering provisions of the Bank..., to promote prevention, detection, and prosecution of international money laundering and the financing...

The Return Of State Financial Losses Analysis Of Money-Laundering Crime

OpenAIRE

James Simanjuntak; M. Syukri Akub; Muhadar; Andi Sofyan

2017-01-01

The criminal act of corruption is more systematic and has been categorized as extraordinary crime and its scope has entered all aspects of community life. The importance of research is conducted to determines law enforcement of corruption crime in the return of State financial loss and the return of corruption asset through money laundering crime instrument. The research was carried out in Papua Province - Indonesia. The results shows that the relation between corruption and money-laundering ...

The risk-based approach to anti-money laundering: problems and solutions

DEFF Research Database (Denmark)

Simonova, Anna

2011-01-01

Purpose – The purpose of this paper, which is a part of a PhD thesis, is to detect problems associated with the risk-based approach to anti-money laundering (AML), as well as present ways to improve the risk-based approach. Design/methodology/approach – The method is law and economics. The Ph......D thesis itself is also based on a comparative analysis of the Danish and British AML regimes. Findings – The main findings are: failure to develop adequate risk-based AML systems, taking into account varying levels of money laundering risk, is not only to be considered in the context of legal risk...... but also and more importantly in the context of integrity risk; anti-money laundering (AML) has to be made part of financial and non-financial institutions' corporate social responsibility policies; the Risk Analysis Manual provided by the Central Bank of The Netherlands lists very specific...

Information Technologies for the Control of Money Laundering

National Research Council Canada - National Science Library

1995-01-01

.... It is estimated that $300 billion of dirty money may be laundered each year, its origin and ownership obscured as it passes through financial institutions and across national boundaries in an effort to hide and protect...

78 FR 24596 - Notice of Finding That Halawi Exchange Co. Is a Financial Institution of Primary Money Laundering...

Science.gov (United States)

2013-04-25

... Exchange Co. Is a Financial Institution of Primary Money Laundering Concern AGENCY: Financial Crimes... a financial institution operating outside the United States that is of primary money laundering...-56. Title III of the USA PATRIOT Act amends the anti- money laundering provisions of the Bank Secrecy...

76 FR 72756 - Finding That the Islamic Republic of Iran Is a Jurisdiction of Primary Money Laundering Concern

Science.gov (United States)

2011-11-25

... Money Laundering Concern AGENCY: The Financial Crimes Enforcement Network (``FinCEN''), Treasury. ACTION... that the Islamic Republic of Iran is a jurisdiction of primary money laundering concern. DATES: The... PATRIOT Act''), Public Law 107-56. Title III of the USA PATRIOT Act amends the anti- money laundering...

A STUDY ON THE RELEVANCE OF FORENSICS ACCOUNTING: THE PERCEPTION OF PROFESSIONALS LINKED TO THE MONEY LAUNDERING COMBAT

Directory of Open Access Journals (Sweden)

Arnaldo Antonio Duarte Ribeiro

2016-03-01

Full Text Available This paper aimed to investigate the perceptions of professionals engaged in activities related to money laundering combat and the importance of Forensic Accounting as an instrument of investigation regarding criminal practices on economic and financial activities. This research was conducted through a structured survey, submitted to 84 participants of the third module of the course of Money Laundering Combat ministered by the Department of Assets Recovery and International Legal Cooperation of the Ministry of Justice of Brazil. The results showed that Forensic Accounting is perceived as an important component in the fight against money laundering and the production of evidence in the criminal organizations investigative process. Respondents also argue that there is a demand for graduation and post graduation, to train professionals in this area, given the degree of sophistication of such crimes, which constitute an unconventional type of crime. All accountants and economists in the sample have intention to participate in post-graduation courses in Forensic Accounting, an opinion shared by 69% of respondents who have no training in accounting and economics. Most of the professionals in the sample have used professional services with economic and financial expertise in conducting anti-money laundering activities.

Issues surrounding the money laundering crime

OpenAIRE

Rodrigues, Liliana

2016-01-01

Money laundering took advantage of the increasing openness and expanding markets to improve their techniques, taking advantage of the vulnerability of the weaker countries. In an evolutionary perspective, we understand how this phenomenon has progressed and how countries and referenced organizations have an important role to play in its prevention. This crime was defined and framed in an evolutionary perspective, whether legislative, or jurisprudential doctrine in order to better understand t...

Designing Supervision under the Preventive Anti-Money Laundering Policy in the European Union

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Melissa van den Broek

2014-12-01

Full Text Available Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing is currently one of the main instruments which regulates efforts to combat money laundering (and terrorist financing in the European Union. Respecting national procedural autonomy, this directive leaves a high degree of freedom for the Member States in designing their own supervisory architectures under the preventive anti-money laundering policy. This contribution adopts a systematic approach to the institutional differences between the EU Member States and presents four models of supervision that are currently present in the European Union. It explains the main characteristics of these models, categorises the EU Member States accordingly and analyses the potential strengths and weaknesses of each model, thereby providing a first indication of their effectiveness.

Money Laundering and Financial Means of Organized Crime: Some Preliminary Empirical Findings

OpenAIRE

Friedrich Schneider

2010-01-01

After giving a short literature review, the paper tries a quantification of the volume of money laundering activities, with the help of a MIMIC estimation procedure for the years 1995 to 2006 for 20 highly developed OECD countries. The volume of laundered money was 273 billions USD in the year 1995 for these 20 OECD countries and increased to 603 billions USD in 2006. The overall turnover in organized crime had a value of 595 billion USD in 2001 and increased to 790 billion USD in 2006. These...

Combining Benford's Law and machine learning to detect money laundering. An actual Spanish court case.

Science.gov (United States)

Badal-Valero, Elena; Alvarez-Jareño, José A; Pavía, Jose M

2018-01-01

This paper is based on the analysis of the database of operations from a macro-case on money laundering orchestrated between a core company and a group of its suppliers, 26 of which had already been identified by the police as fraudulent companies. In the face of a well-founded suspicion that more companies have perpetrated criminal acts and in order to make better use of what are very limited police resources, we aim to construct a tool to detect money laundering criminals. We combine Benford's Law and machine learning algorithms (logistic regression, decision trees, neural networks, and random forests) to find patterns of money laundering criminals in the context of a real Spanish court case. After mapping each supplier's set of accounting data into a 21-dimensional space using Benford's Law and applying machine learning algorithms, additional companies that could merit further scrutiny are flagged up. A new tool to detect money laundering criminals is proposed in this paper. The tool is tested in the context of a real case. Copyright © 2017 Elsevier B.V. All rights reserved.

Money laundering and the United Kingdom: A haven for dirty money and an endless cycle? A critical reflection on the United Kingdom’s anti-money laundering policies

OpenAIRE

Ryder, N.

2015-01-01

This paper critically assesses the effectiveness and appropriateness of the United Kingdom's anti-money laundering policy. The paper concentrates on Part 7 of the Proceeds of Crime Act, the Terrorism Act 2000 and the enforcement policies of the Financial Conduct Authority.

The Function of Bank Negara Malaysia in Combating Money Laundering on International Basis

OpenAIRE

Shahrudin, Eskandar Shah

2013-01-01

Money laundering issues started to receive much attention after the tragic event of 11th September 2011. Developing countries such as Malaysia was identified by Pentagon as one of the countries where illegal funds travelled into the country in order to become legitimate. This had sent a strong signal to the Malaysian government that the country’s financial system is vulnerable to such money laundering activities. As a result Bank Negara Malaysia as the central bank of the country, had been as...

Sri Lanka; Report on the Observance of Standards and Codes for Anti-Money Laundering and Combating the Financing of Terrorism and Mutual Evaluation Report on Anti-Money Laundering and Combating the Financing of Terrorism

OpenAIRE

International Monetary Fund

2008-01-01

The experts reviewed the institutional framework, the relevant Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) laws, regulations, guidelines, and other requirements, and the regulatory and other systems in place to deter money laundering (ML) and the financing of terrorism (FT) through financial institutions and designated non-financial businesses and professions (DNFBP), as well as examining the capacity, the implementation, and the effectiveness of all these systems...

Online public response to Dutch news about money laundering

NARCIS (Netherlands)

Veul, Romy; van Charldorp, T.C.; Soudijn, Melvin

2016-01-01

In this paper we analyze how Dutch Public Prosecution’s press releases about money laundering and underground banking are received by producers and consumers of online news reports. First we take a closer look at how journalists (re)framed six official press releases in 75 news reports. It turns out

ELECTRONIC FUNDS TRANSFER IN MONEY LAUNDERING CRIME: REGULATION NEEDED IN RESPONSE TO MEETING OF TECHNOLOGY AND CRIME IN INDONESIA

Directory of Open Access Journals (Sweden)

Go Lisanawati

2010-12-01

Full Text Available Advancements in information technology have affected modern society in numerous areas, including communication, education, commerce, and so on. These advancements have brought incredible benefits; they have also provided opportunities and motivation for various forms of crime. Information technology has also made crime highly profitable. Among the many types of criminal activities, modern technology has allowed money laundering to become an online crime. This new type of crime has raised some legal questions about the capability of national and international regulations in relation to current and upcoming issues. These include finding electronic funds transfer records after the fact, and determining money laundering activity that includes electronic funds transfer. Although Indonesia is an integral member of a community concerned with the interaction between technology and money laundering, it has not provided regulations to deal with the current and upcoming issues involving the crime of electronic money laundering. The increase in the amount of crime indicates the following series of techniques and mechanisms that had been detected in relation to money laundering activity. This research will examine current issues under the light of Indonesian regulations, and will put forward some proposals to close the legal vacuum.

CAVE PECUNIAM: LAWYERS AS LAUNDERERS

Directory of Open Access Journals (Sweden)

RA Koen

2012-12-01

Full Text Available The attorney’s trust account is an enticing prospect for criminals seeking ways to launder money acquired illegally, and the attorney whose trust account is abused in this way stands to be branded and punished as a money launderer. The overall aim of the article is to identify the dangers which money launderers pose to attorneys and to highlight the need for vigilance in the face of these dangers. It analyses the anti-money laundering reporting obligations imposed on attorneys by the Financial Intelligence Centre Act and considers impact of these obligations upon the attorney-client relationship. Some of the ways in which a law practice may become implicated in the placement, layering and integration stages of the money laundering process are discussed, and cases which deal with attorneys’ involvement in money laundering schemes are presented.

Countering money laundering and terrorism financing: can the resultant intrusion into the right of privacy by the law be justified?

OpenAIRE

Ruff, Adam Michael

2017-01-01

This thesis examines whether anti-money laundering and counter-terrorism financing (AML/CTF) law strikes the right balance between the need to counter money laundering and terrorism financing (ML/TF) and the need to preserve the right of privacy. To do this, the thesis examines both the effectiveness of AML/CTF law and the scope of the right of privacy. The thesis reviews the history of AML/CTF law, including attempts to estimate the size of the money laundering problem, and assesses the ...

Regulating Money Laundering and Tax Havens: The Role of Blacklisting

NARCIS (Netherlands)

Unger, B.|info:eu-repo/dai/nl/290994926; Ferwerda, J.|info:eu-repo/dai/nl/314405526

Since ten years, and more so, since September 11, 2001, international organizations such as the IMF, OECD and EU try to combat harmful tax competition, money laundering and terrorist financing. Blacklisting, the naming and shaming of uncooperative countries, was one of the strategies used from the

GENERAL CONSIDERATIONS ON MONEY LAUNDERING

Directory of Open Access Journals (Sweden)

Elena EVA

2015-04-01

Full Text Available Lawyers are not immune to committing offences and the provisions of criminal law apply to them accordingly. The criminal liability of lawyers represents a natural aspect in the rule of law. Lawyers involved as defendants in criminal cases do not benefit from any special status or privileges compared to other defendants. In the international context of the fight against money laundering, the community law has submitted the profession of lawyer to two obligations concerning vigilance and denouncement. The assimilation of lawyer’s profession to financial or non-regulated professions entails the deformation of rules and principles specific to lawyers, as well as discussing the bases of any democratic society: the professional secrecy of lawyers and their independence.

Global governance and transnational financial crime: opportunities and tensions in the global anti-money laundering regime

OpenAIRE

Tsingou, Eleni

2005-01-01

This paper examines the global anti-money laundering regime, assesses its purpose and draws some conclusions with regards to its effectiveness as a tool for targeting transnational financial crime. The paper shows that targeting money laundering is presented as a means of strengthening the integrity of the financial system and tackling organised crime through a global approach, and contrasts official policies with actual (and potential) results in practice. The paper explains that at the core...

Tindak Pidana Money Laundering Dalam Penyedia Jasa Keuangan Pasar Modal Menurut Undang-undang Nomor 8 Tahun 2010

OpenAIRE

Sabar, Moses Frian

2016-01-01

Tujuan dilakukannya penelitian ini adalah untuk mengetahuibagaimana pengaturan pasar modal mencegah aliran dana hasil dari tindak pidana pencucian uang (money laundering)dalam suatu transaksi dan bagaimana penerapan Undang-Undang No. 8 Tahun 2010 tentang tindak pidana pencucian uang (Money Laundering) dalam pencegahan aliran dana transaksi yang berasal dari suatu tindak pidana dalam penyedia jasa keuangan pasar modal.Dengan menggunakan metode penelitian yuridis normative disimpulkan: 1. Pros...

Money laundering: correlation between risk assessment and suspicious transactions

Directory of Open Access Journals (Sweden)

Sonja Cindori

2013-06-01

Full Text Available The risk assessment system was introduced in the Republic of Croatia in 2009, as a result of harmonization with international standards, especially the Directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing. Risk assessment is an extensive concept which requires not only a legislative framework, but also the application of numerous criteria for its effective implementation in practice. Among these criteria are suspicious transactions, closely related to the assessment of the customer, transaction, product or service.The undeniable contribution of suspicious transactions to the quality of the risk assessment system will be confirmed by a statistical analysis of a number of West and East European countries. A combination of strict, but sufficiently flexible legal provisions governing the system for prevention of money laundering and terrorist financing and a statistical analysis of reported suspicious transactions will lead to conclusions that either support or represent criticism of the efficiency of application of the risk assessment system in practice.The aforementioned statistical analysis will show whether suspicious transactions are a reliable criterion for the risk assessment analysis, and whether they can be considered the only such criterion. There is a possibility that the findings of the analysis will be contradictory to those of some international studies.

Do countries consistently engage in misinforming the international community about their efforts to combat money laundering? Evidence using Benford's law

NARCIS (Netherlands)

Deleanu, Ioana Sorina

2017-01-01

Indicators of compliance and efficiency in combatting money laundering, collected by EUROSTAT, are plagued with shortcomings. In this paper, I have carried out a forensic analysis on a 2003-2010 dataset of indicators of compliance and efficiency in combatting money laundering, that European Union

Money laundering in the convention on combating bribery of foreign public officials in international business transactions of the organization for cooperation and development (OECD

Directory of Open Access Journals (Sweden)

Notari Bonini Notari

2015-09-01

Full Text Available This article aims to analyze the phenomenon of corruption and money laundering and how they are being addressed this issue under the Convention on Combating Public Officials Corruption Foreigners in Transactions Organization of International Trade for Economic Cooperation and Development (OECD and the formulation of public policies for Combating Corruption and Money Laundering, by the Brazilian State. The Money Laundering is a species of corrupting practices, so that this type of illicit undertakes the realization of fundamental rights, social rights, economic criminal law, the democratic rule of law affecting, directly, public policy tax as a result of the commission of unlawful acts and offenses linked to issues of an economic nature, such as bribery, fraud, tax evasion, bribery, money laundering, drug trafficking, arms linked indirectly, to organized crime. Whereas the article is a bibliographic nature, it will be used as the method of approach to be adopted in its deductive development, with general assumption arguments (major premise for particular arguments (minor premise; while the procedure is analytical. Key words: Public Policy Tax, Money Laundering, Corruption of Foreign Public Officials, economic, illegalities. Money Laundering CRIME UNDER THE CONVENTION ON THE FIGHT AGAINST CORRUPTION OF FOREIGN public employee in the business operations of the International Organization for Economic Cooperation and Development (OECD This article AIMS to analyze the phenomenon of corruption and money laundering and how it is addressing this issue under the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions of the Organization for Economic Cooperation and Economic Development (OECD and the formulation of public policies for the Fight against Corruption and Money Laundering, by the Brazilian government. Money laundering is a kind of corrupt practices, so this type of crime committed with the

Eviditiary activity in the felony of money laundering

Directory of Open Access Journals (Sweden)

Paulo César Ospitia Rozo

2017-07-01

Full Text Available This research develops the problem of the lack of evidence in order to source accreditation crime that configures the crime of money laundering. Here the evidence suggests that dynamism is a condition of legitimacy, operating as supreme guarantee of the judicial conviction. The judicial determination that proves to be true the occurrence of a penal type criminal act without the suitable exercise of evidential activity, constitutes a clear violation of fundamental principles and guarantees of criminal proceedings.

Anti-money Laundering and Combating the Financing of Terrorism : Pakistan

OpenAIRE

World Bank

2009-01-01

This assessment of the anti-money laundering (AML) and combating the financing of terrorism (CFT) regime of Pakistan is based on the Forty Recommendations 2003 and the Nine Special Recommendations on Terrorist Financing 2001 of the Financial Action Task Force (FATF), and was prepared using the AML/CFT assessment Methodology 2004, as updated in February 2008. The assessors reviewed the inst...

Money laundering in the convention on combating bribery of foreign public officials in international business transactions of the organization for cooperation and development (OECD)

OpenAIRE

Notari Bonini Notari; Rogério Gesta Leal

2015-01-01

This article aims to analyze the phenomenon of corruption and money laundering and how they are being addressed this issue under the Convention on Combating Public Officials Corruption Foreigners in Transactions Organization of International Trade for Economic Cooperation and Development (OECD) and the formulation of public policies for Combating Corruption and Money Laundering, by the Brazilian State. The Money Laundering is a species of corrupting practices, so that this type of illicit und...

Anti-money laundering: the conditions for global governance and harmonisation

OpenAIRE

Oliveira, Inês Sofia de; Correia, Ines Sofia De Oliveira Gomes De Pinho

2015-01-01

This thesis advances global governance literature by focusing on the conditions under which procedural harmonisation occurs and how it is characterised. It suggests that the existence of a network of intergovernmental organisations (IGOs) complements great powers’ action and acts as a force for harmonisation in the making of international anti-money laundering (AML) standards. Procedural harmonisation is identified firstly, through a discussion on great power coalitions and ...

Anti-Money Laundering and Combating the Financing of Terrorism : Niger

OpenAIRE

World Bank

2009-01-01

The assessment of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regime in Niger was conducted on the basis of the Forty Recommendations and the Nine Special Recommendations on the financing of terrorism drawn up in 2003 and 2001, respectively, by the Financial Action Task Force (FATF), and on the AML/CFT Methodology of 2004. The assessment was based on the la...

Increased Anti-Money Laundering Banking Regulations and Terrorism Prosecutions

Science.gov (United States)

2013-03-01

transactions to further terrorist activities do not have to be large to constitute money laundering. The connection between questions 1 and 7 is more...2005 1:05-cr-00059-DC USA v. Vincent Nafta Petroleum Company Limited 92 2005 1:05-cr-00059-DC USA v. Vincent Mednafta Trading Company Limited 93...00059-DC USA v. Vincent Nafta Petroleum Company Limited No No No No No No No 1:05-cr- 00059-DC USA v. Vincent Mednafta Trading Company

Implementation of Internal Control Systems to Combat Money Laundering and Financing of Terrorism – An Applied Exploratory Study to the Angolan Financial Sector

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Carlos Pinho

2015-08-01

Full Text Available The Angolan financial system is observing several regulatory changes that are being adopted by local banks at a considerable speed in the last years. Considering the pressured context in which such changes are being internalized, this study is intended to ascertain the level of implementation and the way that control systems are being adopted by the Angolan financial institutions, in order to prevent and combat money laundering and financing of terrorism. A survey was submitted to the banking institutions that operate in the Angolan financial sector with the purpose of understanding to what extent prevention controls and mechanisms for money laundering and financing of terrorism have been implemented, and identify the main difficulties that banking institutions are facing on the adoption of such controls and mechanisms. Using a descriptive analysis, the results show that the banking institutions consider to have implemented control systems that are capable of mitigating the risk of money laundering and financing of terrorism. The results also show that, although there are formal and concrete policies in place, the Angolan banking institutions possess deficient control tools in terms of information systems and data management and lack adequate staff training which potentially threatens the effectiveness of the controls that have been implemented.

Making Promises Good: The Anti-Money Laundering Regime as a Multi-Purpose Tool for Governance

Directory of Open Access Journals (Sweden)

Stavros Katsios

2016-01-01

Full Text Available The creation of this international anti-money laundering regulatory regime is, contrary to itsneglect by the literature, important in two ways. First, it provides us with a second example -alongside the Basle Accord – with which we can examine how political barriers to regulatorycooperation and coordination might be overcome; without overstating the success of the antimoneylaundering regime the paper argues that a lot of the political circumstances that enabledcooperation and coordination to develop in this case can be applied in facing other economiccrime forms. The FATF case may help us to identify important political conditions that can fostercollective regulatory initiatives in the international financial area and especially in South EasternEurope. Additionally the anti-money laundering regime may be useful more directly in pursuingsome other regulatory and security goals of particular interest for the Balkan region. Specifically,the kinds of international cooperation and coordination that have been introduced to combatmoney laundering may help to strengthen international regulatory initiatives aimed at curbingcorruption, tax evasion and capital flight and fighting the threat deriving from internationalorganised crime and global terrorism.

The EU Legislative Framework Against Money Laundering and Terrorist Finance:A Critical Analysis in the Light of Evolving Global Standards

OpenAIRE

Gilmore, William; Mitsilegas, Valsamis

2007-01-01

This article examines the evolution of the EU anti-money laundering legislative framework (which in recent years has also included measures to counter terrorist finance), by focusing in particular on recent legislation such as the third money laundering Directive and the Regulation on controls of cash entering the EU, both adopted in 2005. The analysis highlights the relationship between these instruments and international initiatives in the field (in particular FATF standards), and addresses...

The Impact of Corruption and Money Laundering on Foreign Direct Investment in ASEAN

OpenAIRE

Nugraha, I Wayan Yasa

2013-01-01

The purpose of this study is to examine the impact of corruption and money laundering on Foreign Direct Investment (FDI) inflow in ASEAN by using panel data which covers ten years observation (2000€“2009) and five cross sections of selected countries i.e. Indonesia, Malaysia, Singapore, Thailand, and Philippines. The model is estimated using ordinary least square method with fixed effect estimation. The result shows that there is a significant positive association between the establishment of...

Fake News, Conspiracy Theories, and Lies: An Information Laundering Model for Homeland Security

Science.gov (United States)

2018-03-01

being distributed. B. INFORMATION LAUNDERING 2.0 MODEL Like Information Laundering 1.0, Information Laundering 2.0 is built on a metaphor of money ...However, unlike the previous model, the new model takes the metaphor a step further, incorporating all three phases of money laundering : placement...we say “ laundering .” Although there are many ways to describe money laundering , the simplest way is: a process by which one can turn “‘dirty’ money

Procedural Anathema: The Criminal Prosecution of Money Laundering as a Denial of the Right of Defense

Directory of Open Access Journals (Sweden)

Antonio Eduardo Ramires Santoro

2016-10-01

Full Text Available The idea of independence between money laundering and the original offense, became common the practice of prosecutors use of the evidence submitted by the defense to support criminal proceedings for laundering. The question is: would it not be a denial of the right of defense, since it requires the magistrate to accept the the criminal prosecution to anticipate an evaluative judgment on the evidence before the systematically appropriate procedural time? Therefore we conducted a literature qualitative research.

ANTI-CORRUPTION AND ANTI-MONEY LAUNDERING MECHANISMS IN THE EUROPEAN UNION

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Sergey A. Puzyrev

2013-01-01

Full Text Available The article based on an integrated approach to developed within the European Union mechanisms of preventing crimes, which affect the financial interests of the EU. In terms of specific examples the legal basis of anti-corruption interaction, especially the structural building of the basic institutions of the European Union, are analyzed. The article discusses the information potential to facilitate the implementation of effective cooperation among the competent authorities in the sphere of combating corruption, fraud, money laundering and other economic crimes.

MONEY LAUNDERING AS AN ISOLATED PHENOMENON AND LEADING FACTOR IN WHITE-COLLAR CRIMINALITY, PUTS MOLDOVA CASE JUDICIARY ON THE SPOT

Directory of Open Access Journals (Sweden)

Jacob RUB

2015-11-01

Full Text Available Money laundering is a leading factor in white-collar criminality, with a big effect upon Gross National Product of the Israeli and Moldova economies. Israel and Moldova have made the first steps In order to cope with money laundering phenomenon. The model of handling the phenomenon in the USA has been studied that constitutes a role model of fighting money laundering. The vast majority (77% of all frauds were committed by individuals working in one of six departments: accounting, operations, sales, executive/upper management, customer service and purchasing. In Moldova, money laundering for the most part is connected to traditional forms and activities sources of illegal proceeds .Moldova is a transit country for money laundering. A money-laundering scandal is casting Moldova’s judiciary in an unfavorable light and is raising concerns about the government’s commitment to reforms needed to keep European Union integration on track. It is a need to address corruption as a national priority, and the priority of the relations between the EU and Moldova. The money laundering scandal indicates that Moldova is reluctant to wade deeply into judicial reform. In fact, the laundered of $20 billion, is an amount more than twice the size of Moldova’s GDP in 2013, and may be that it is just the tip of the iceberg, probably. White-collar criminality in Israel and Moldova means success of coping of the enforcement and judicial systems. In order to cope with this phenomenon, Israel makes its first steps. Anyway, the message must pave the way through a creation of a new model for dealing with reduction the isolated phenomenon of money laundering in both states.SPĂLAREA DE BANI, UN FENOMEN IZOLAT ŞI UN FACTOR IMPORTANT ÎN CRIMINALITATEA GULERELOR ALBE, PUNE PRACTICA JUDICIARĂ DIN REPUBLICA MOLDOVA INTR-O SITUAŢIE DIFICILĂSpălarea de bani este un factor important în criminalitatea gulerelor albe, având un efect semnificativ asupra produ-sului na

Attempts to Dodge Drowning in Data : Rule- and Risk-Based Anti Money Laundering Policies Compared

NARCIS (Netherlands)

Unger, B.; van Waarden, F.

Both in the US and in Europe anti money laundering policy switched from a rule-to a risk-based reporting system in order to avoid over-reporting by the private sector. However, reporting increased in most countries, while the quality of information decreased. Governments drowned in data because

Do Countries Consistently Engage in Misinforming the International Community about Their Efforts to Combat Money Laundering? Evidence Using Benford's Law.

Science.gov (United States)

Deleanu, Ioana Sorina

2017-01-01

Indicators of compliance and efficiency in combatting money laundering, collected by EUROSTAT, are plagued with shortcomings. In this paper, I have carried out a forensic analysis on a 2003-2010 dataset of indicators of compliance and efficiency in combatting money laundering, that European Union member states self-reported to EUROSTAT, and on the basis of which, their efforts were evaluated. I used Benford's law to detect any anomalous statistical patterns and found that statistical anomalies were also consistent with strategic manipulation. According to Benford's law, if we pick a random sample of numbers representing natural processes, and look at the distribution of the first digits of these numbers, we see that, contrary to popular belief, digit 1 occurs most often, then digit 2, and so on, with digit 9 occurring in less than 5% of the sample. Without prior knowledge of Benford's law, since people are not intuitively good at creating truly random numbers, deviations thereof can capture strategic alterations. In order to eliminate other sources of deviation, I have compared deviations in situations where incentives and opportunities for manipulation existed and in situations where they did not. While my results are not a conclusive proof of strategic manipulation, they signal that countries that faced incentives and opportunities to misinform the international community about their efforts to combat money laundering may have manipulated these indicators. Finally, my analysis points to the high potential for disruption that the manipulation of national statistics has, and calls for the acknowledgment that strategic manipulation can be an unintended consequence of the international community's pressure on countries to put combatting money laundering on the top of their national agenda.

Do Countries Consistently Engage in Misinforming the International Community about Their Efforts to Combat Money Laundering? Evidence Using Benford's Law.

Directory of Open Access Journals (Sweden)

Ioana Sorina Deleanu

Full Text Available Indicators of compliance and efficiency in combatting money laundering, collected by EUROSTAT, are plagued with shortcomings. In this paper, I have carried out a forensic analysis on a 2003-2010 dataset of indicators of compliance and efficiency in combatting money laundering, that European Union member states self-reported to EUROSTAT, and on the basis of which, their efforts were evaluated. I used Benford's law to detect any anomalous statistical patterns and found that statistical anomalies were also consistent with strategic manipulation. According to Benford's law, if we pick a random sample of numbers representing natural processes, and look at the distribution of the first digits of these numbers, we see that, contrary to popular belief, digit 1 occurs most often, then digit 2, and so on, with digit 9 occurring in less than 5% of the sample. Without prior knowledge of Benford's law, since people are not intuitively good at creating truly random numbers, deviations thereof can capture strategic alterations. In order to eliminate other sources of deviation, I have compared deviations in situations where incentives and opportunities for manipulation existed and in situations where they did not. While my results are not a conclusive proof of strategic manipulation, they signal that countries that faced incentives and opportunities to misinform the international community about their efforts to combat money laundering may have manipulated these indicators. Finally, my analysis points to the high potential for disruption that the manipulation of national statistics has, and calls for the acknowledgment that strategic manipulation can be an unintended consequence of the international community's pressure on countries to put combatting money laundering on the top of their national agenda.

THE CRIMINAL OFFENCE OF MONEY LAUNDERING – A SERIES OF THEORETICAL AND PRACTICAL CONSIDERATIONS

Directory of Open Access Journals (Sweden)

Constantin NEDELCU

2016-05-01

Full Text Available The paper at hand addresses the extremely complex and sensitive matter relating to one of the most controversial offences in the criminal laws of Romania – in particular, the criminal offence of money laundering. This paper bears both theoretical and practical interest, in that it points out specific instances of court case-law which were given different constructions by various judiciary authorities.

The Impact of Corruption and Money Laundering on Foreign Direct Investment in ASEAN

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I Wayan Yasa Nugraha

2013-12-01

Full Text Available The purpose of this study is to examine the impact of corruption and money laundering on Foreign Direct Investment (FDI inflow in ASEAN by using panel data which covers ten years observation (2000–2009 and five cross sections of selected countries i.e. Indonesia, Malaysia, Singapore, Thailand, and Philippines. The model is estimated using ordinary least square method with fixed effect estimation. The result shows that there is a significant positive association between the establishment of Financial Intelligence Unit (FIU and FDI inflow, while Corruption Perception Index (CPI, as the proxy of corruption, does not significantly affect FDI inflow.

TEKNIK AUDIT INVESTIGATIF DALAM PENGUNGKAPAN MONEY LAUNDERING BERDASARKAN PERSPEKTIF AKUNTAN FORENSIK

Directory of Open Access Journals (Sweden)

Rozmita Dewi Yuniarti Rozali

2015-04-01

The research method used is qualitative descriptive method. Determination of respondents using key person techniques are people who work as forensic accountants. The data used is the primary data obtained from interviews with respondents. This study uses the technique of triangulation of sources in the test data. Based on the results of his analysis, the results of the investigative aduit stages are predication, hypothesis formulation, data gathering, data reliability test, data analysis, interview and interrogation call, loss calculation, and reporting. It was also concluded that in theory and practice there is no investigative audit technique selected as the most effective technique. Because previously forensic accountants need to consider the things and characteristics of the money laundering case, only then determine which investigative audit techniques to use.

Minimizing Public Sector Corruption: The Economics of Crime, Identity Economics, and Money Laundering

OpenAIRE

Armey, L.; Melese, F.

2017-01-01

This version includes corrections, republished in the article of record: http://dx.doi.org/10.1080/10242694.2017.1318013 The article of record may be found at http://dx.doi.org/10.1080/10242694.2017.1318013 This paper offers a simple strategic framework to help governments use various policy mechanisms to minimize public sector corruption. The paper offers a formal model that blends economics of crime models with identity economics and money laundering. It presents a partial equilibriu...

Do Countries Consistently Engage in Misinforming the International Community about Their Efforts to Combat Money Laundering? Evidence Using Benford’s Law

Science.gov (United States)

2017-01-01

Indicators of compliance and efficiency in combatting money laundering, collected by EUROSTAT, are plagued with shortcomings. In this paper, I have carried out a forensic analysis on a 2003–2010 dataset of indicators of compliance and efficiency in combatting money laundering, that European Union member states self-reported to EUROSTAT, and on the basis of which, their efforts were evaluated. I used Benford’s law to detect any anomalous statistical patterns and found that statistical anomalies were also consistent with strategic manipulation. According to Benford’s law, if we pick a random sample of numbers representing natural processes, and look at the distribution of the first digits of these numbers, we see that, contrary to popular belief, digit 1 occurs most often, then digit 2, and so on, with digit 9 occurring in less than 5% of the sample. Without prior knowledge of Benford’s law, since people are not intuitively good at creating truly random numbers, deviations thereof can capture strategic alterations. In order to eliminate other sources of deviation, I have compared deviations in situations where incentives and opportunities for manipulation existed and in situations where they did not. While my results are not a conclusive proof of strategic manipulation, they signal that countries that faced incentives and opportunities to misinform the international community about their efforts to combat money laundering may have manipulated these indicators. Finally, my analysis points to the high potential for disruption that the manipulation of national statistics has, and calls for the acknowledgment that strategic manipulation can be an unintended consequence of the international community’s pressure on countries to put combatting money laundering on the top of their national agenda. PMID:28122058

Paraguay; Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

OpenAIRE

International Monetary Fund

2009-01-01

This paper discusses assessment results on the observance of standards and codes on the Financial Action Task Force (FATF) recommendations for antimoney laundering and combating the financing of terrorism (AML/CFT) for Paraguay. The assessment reveals that the substantial U.S. dollar contraband trade that occurs on the borders shared with Argentina and Brazil facilitates money laundering in Paraguay. Achievements in the implementation of Paraguay’s AML framework remain modest since the crimin...

The Risk Based Approach in the New European Anti-Money Laundering Legislation: a Law and Economics View

OpenAIRE

D. Masciandaro; L. Dalla Pellegrina

2013-01-01

In 2005 the European Commission adopted the Third Directive on Anti-Money Laundering (AML), which was to be implemented into national laws at the latest by December 2007. The key feature that characterizes the Third Directive is the idea that the regulatory framework should be risk-based (RBA). The aim of this regulation is to elicit a high level of outcome in terms of AML effectiveness from self-interested financial institutions (FIs) who hold private information. In this paper we study how ...

Pencucian Uang (Money Laundering dalam Perspektif Hukum Perbankan dan Hukum Islam

Directory of Open Access Journals (Sweden)

Neni Sri Imaniyati

2005-03-01

Full Text Available Kemajuan teknologi informasi dan globalisasi keuangan membawa dampak berkembangnya kejahatan terutama kejahatan kerah putih (white collar crime. Salah satunya adalah money laundering (kejahatan pencucian uang yang dilakukan melalui lembaga keuangan. Sekurang-kurangnya terdapat tujuh faktor yang mendorong timbulnya tindakan pencucian uang. Ketujuh faktor tersebut sangat berkaitan erat dengan sistem hukum perbankan dan political will pemerintah dalam menanggulangi tindak pidana pencucian uang. Bank merupakan media yang sangat diminati oleh pelaku tindak pidana pencucian uang. Oleh karenanya pencegahan tindak pidana pencucian uang akan lebih efektif bila menggunakan sistem dan peraturan perundang-undangan di bidang perbankan. Asas-asas perbankan dapat mengantisipasi kejahatan pencucian uang di Indonesia. Hukum Islam memandang pencucian uang termasuk katagori perbuatan yang diharamkan karena dua hal : pertama dari proses memperolehnya dan proses pencuciannya.

The Role of the Regulated Sector in the UK Anti-Money Laundering Framework: Pushing the Boundaries of the Private Police

Directory of Open Access Journals (Sweden)

Mo Egan

2010-06-01

Full Text Available This article argues that the conceptualisation of private police in current academic literature requires expansion to accommodate the role of the regulated sector in the Anti- Money Laundering (AML framework. Firstly, it evaluates the literature on ‘private police’ and argues that its current parameters are too narrow to accommodate the ‘policing’ role of the regulated sector. Secondly, it lays out the legislative framework that has developed to deal with the problem of money laundering. Thirdly, it contextualises the role of the regulated sector, examining the domestic inter-agency policing relationships within the suspicious activity regime as operationalised in Scotland. Finally, it takes a closer look at how the courts have interpreted the ‘failure to report offence’ under s330 of the Proceeds of Crime Act (POCA 2002 and its consequential effect on the engagement of the regulated sector with the SARs regime.

The money laundering control act and proposed amendments: Its impact on the casino industry.

Science.gov (United States)

Mills, J

1991-12-01

In their efforts to track unreported income, Congress passed the Money Laundering Control Act in 1985. Because they are often involved in large cash transactions, casinos were required to report on cash transactions in amounts of $10,000 or more in much the same manner as banks and other financial institutions. However, because of the unique nature of cash and chip transactions within modern casinos, the Act, or state variants of it, have created significant compliance costs for casinos. This analysis examines the implications of the Act for the casino gaming industry, and evaluates some of the recent suggested Amendments to the Act.

The Strengthening Authority Of Money Laundering Prosecution A Review Of Corruption Eradication

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Sulhan

2015-08-01

Full Text Available The application of criminal law in Indonesia is quite dynamic and attract public attention because of criminal law at least has a pattern of punishment that are depriving the perpetrators of human rights such as imprisonment or the death penalty. Criminal law essentially regulates the crime offense criminal and punishment of the perpetrators of crimes and violations. Universally criminal law in the various countries have to recognize and organize a wide variety of crimes both crimes that are conventional such as murder theft fraud and embezzlement that are extra ordinary crimes such as terrorism corruption criminal acts of narcotic and psychotropic substances as well as criminal acts that are white collar crime as the crime of banking and money laundering.

75 FR 11207 - Policy Statement on Obtaining and Retaining Beneficial Ownership Information for Anti-Money...

Science.gov (United States)

2010-03-10

... Retaining Beneficial Ownership Information for Anti-Money Laundering Purposes AGENCY: Securities and...-money laundering purposes. DATES: Effective Date: March 5, 2010. FOR FURTHER INFORMATION CONTACT... retaining beneficial ownership information for anti-money laundering purposes. This guidance is being issued...

Guernsey; Report on Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

OpenAIRE

International Monetary Fund

2011-01-01

Bailiwick of Guernsey has a Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) legal framework that provides the basis for an AML/CFT regime. It has a program to review and enhance AML/CFT legislation and monitor effectiveness of compliance with the AML/CFT regime. Assessors found that confiscation and provisional measures within Bailiwick are robust. They also found that previous designation mechanisms had a negative impact on the effectiveness of the mutual legal assis...

76 FR 9403 - Finding That the Lebanese Canadian Bank SAL Is a Financial Institution of Primary Money...

Science.gov (United States)

2011-02-17

... Bank SAL Is a Financial Institution of Primary Money Laundering Concern AGENCY: Financial Crimes...'') is a financial institution of primary money laundering concern. DATES: The finding made in this... Law 107-56. Title III of the USA PATRIOT Act amended the anti- money laundering provisions of the Bank...

78 FR 34169 - Notice of Finding That Liberty Reserve S.A. Is a Financial Institution of Primary Money...

Science.gov (United States)

2013-06-06

... Reserve S.A. Is a Financial Institution of Primary Money Laundering Concern AGENCY: Financial Crimes... is of primary money laundering concern. DATES: The finding referred to in this notice was effective... money laundering and the financing of terrorism. Regulations implementing the BSA appear at 31 CFR...

31 CFR 103.20 - Reports by money services businesses of suspicious transactions.

Science.gov (United States)

2010-07-01

... immediate attention, such as ongoing money laundering schemes, the money services business shall immediately... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Reports by money services businesses of suspicious transactions. 103.20 Section 103.20 Money and Finance: Treasury Regulations Relating to...

Authors: M Kersop and SF du Toit ANTI-MONEY LAUNDERING ...

African Journals Online (AJOL)

Marike Kersop

types of service providers as crucial partners,79 depending on the business model and technology which is employed.80 Mobile money is an ever-expanding service, and as such, it is continually furthering financial inclusion.81. 2.3 Nature and characteristics of mobile money82. Mobile money services make provision for ...

Anti-money laundering regulations and the effective use of mobile ...

African Journals Online (AJOL)

Potchefstroom Electronic Law Journal/Potchefstroomse Elektroniese Regsblad ... Mobile financial services, specifically mobile money, has the potential to expand ... controls regarding money or value transfer services and new technologies.

Monetary policy and the causality between inflation and money supply in Indonesia

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Gatot Sasongko

2018-05-01

Full Text Available Conceptually and empirically, inflation volatility in Indonesia is a monetary and fiscal phenomenon. This study focuses on the macroeconomic policy and public policy especially causality between two variables namely inflation and money supply in Indonesia. This study uses Indonesian macroeconomic data of inflation and money supply from the Bank of Indonesia publication during 2007.1–2017.7. Inflation is measured by the consumer price index, reflects the annual percentage change in costs of acquiring a basket of goods and services to the average consumers that may change at specified intervals. Meanwhile, money supply is measured by the currency, demand deposits, time deposits, and saving deposits. Methodically, this study uses the Granger Causality model to determine the causality between inflation and money supply. The results show that there is a one-way causality between inflation and money supply in Indonesia. These findings imply that money supply causes inflation, but not vice versa. This condition implies that the role of Indonesian Government and Bank of Indonesia were very crucial in managing and controlling macroeconomic policy and public policy. Then, analysis of money supply and inflation also related to impacting factors such as money laundering, role of banks, taxation, tax evasion, and corruption.

31 CFR 103.123 - Customer identification programs for futures commission merchants and introducing brokers.

Science.gov (United States)

2010-07-01

... TRANSACTIONS Anti-Money Laundering Programs Anti-Money Laundering Programs § 103.123 Customer identification... each futures commission merchant's and introducing broker's anti-money laundering compliance program... money laundering activities, Federal law requires all financial institutions to obtain, verify, and...

Tindak Pidana Pencucian Uang dengan Kejahatan Asal Tindak Pidana Narkoba Studi Putusan Pengadilan Negeri Medan No. 1243/PID.B/2012/PN.MDN. Tanggal 08 Oktober 2012

OpenAIRE

Mellisa, Astri Heiza

2015-01-01

Money laundering or in English is called Money Laundering is not only threatening the economic stability and integrity of the financial system, but also harm the joints of the life of society, nation, and state based on Pancasila and the Constitution of the Republic of Indonesia Year 1945 Money laundering is done is to disguise the proceeds of crime. In this case, will be appointed on the crime of narcotics and drugs. Criminal acts disguised drug proceeds is money to be considered lawful and ...

76 FR 43585 - Bank Secrecy Act Regulations; Definitions and Other Regulations Relating to Money Services...

Science.gov (United States)

2011-07-21

... more other countries'' is intended to capture the fact that some foreign currencies are used by...'' to include, in part: a currency exchange; an issuer, redeemer, or cashier of travelers' checks... the MSB from being used to facilitate money laundering and the financing of terrorist activities; \\7...

77 FR 70544 - Agency Information Collection Activities; Proposed Information Collection; Comment Request; Bank...

Science.gov (United States)

2012-11-26

... Activities; Proposed Information Collection; Comment Request; Bank Secrecy Act/Money Laundering Risk... entitled, ``Bank Secrecy Act/Money Laundering Risk Assessment,'' also known as the Money Laundering Risk... collection of information set forth in this document. Bank Secrecy Act/Money Laundering Risk Assessment (OMB...

Designing Of The Concept Of Criminal Income Of Other Persons Legalization (Art. 174 Of The Criminal Code Of The Russian Federation In The Context Of The Systems Theory

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Veronika A. Abakanova

2015-03-01

Full Text Available In the present article assumptions of the theory concept of forensic crime, which were developed in the forensic science is being analyzed. In the study, author shows possibility of the theory of systems using for the construction of the concept of forensic crime. Author distributes systems theory on money laundering by the alius. Author examined structure of forensic money laundering by alius and described elements of the structure, their internal and external relationships and patterns, as well as mechanisms to ensure its integrity. Author suggests the following set of elements of money laundering by alius: object of direct attacks, subject of the attacks, physical attacks on the activity of the subject of money laundering by alius, mental activity of the subject of infringement, facts, consequences of money laundering by alius, time and place of money laundering other persons, public danger and wrongfulness of the act. During the study, author starts the discussion, as the starting positions allow us to consider money laundering as a complex system that has a "mechanism", ensuring its integrity and diverse types of bonds. Author notes that in the absence of this complex system, at least one of these elements is the complete destruction of the whole system of crime (lack of it. In conclusion, author proposes the concept of forensic money laundering by alius. Presented forensic structure of money laundering by alius and description of the elements of the structure, as well as their internal and external relationships and patterns, what gives the practitioners a chance to have a full picture of the crime and, therefore, to navigate freely in the initial information on the crime and to understand it correctly.

77 FR 13046 - Customer Due Diligence Requirements for Financial Institutions

Science.gov (United States)

2012-03-05

... industries that have anti-money laundering (AML) program requirements under FinCEN's regulations. At this... effective anti-money laundering program.\\1\\ \\1\\ See, e.g., ``Anti-Money Laundering Programs for Insurance... BSA and FinCEN's implementing regulations or guard against money laundering.\\6\\ \\2\\ The BSA is...

Klasické a moderní metody praní špinavých peněz

OpenAIRE

Vrba, Tomáš

2010-01-01

Money laundering is the process where money from illegal activities are transformed into legal money. Those washed money help people who are engaged in illegal activities. And this is why money laundering is considered a crime. In my thesis I try to explain the concept of money laundering, how this process goes on and its most considerable parts. I also try to mention indicators that could be linked to money laundering. Of course, this work also puts stress on control, measures against money ...

Less Is More: North American Case Studies on the Amalgamation of Policing

Science.gov (United States)

2017-09-01

26 U.S. Department of State, Bureau for International Narcotics and Law Enforcement Affairs, “ Money Laundering and Terrorist Financing—A Global Threat...in International Narcotics Control Strategy Report, Volume II: Money Laundering and Financial Crimes (Washington, DC: U.S. Department of State...services. The contracting municipality sought to keep the cost at the lowest possible price point to save money , and the sheriff’s department sought to

Effect of laundering on visible damage to apparel fabric caused by sharp force impact.

Science.gov (United States)

Wells, S L; Laing, R M; Carr, D J; Niven, B E

2013-12-10

Sharp force violence is a common way of committing assault in numerous countries and regions around the world. When a stabbing occurs, the clothing worn by the victim may provide vital evidence: for example the weapon used to stab the victim may be identified from severance in the clothing. However, whether laundering the clothing after an attack affects the severance morphology of the fabric and fibres, and whether identification of the weapon is possible from the severance in the clothing after laundering is not known. This study focussed on the effect of laundering 100% cotton twill weave (drill) and single jersey (knit) fabrics. Specimens had been pre-treated and stabbed with either a kitchen knife or a Phillips screwdriver. These specimens were photographed and were again laundered for one wash cycle before being photographed again. Ten expert judges compared the photographs taken before and after laundering. A difference in the appearance of the fabrics before and after laundering was evident. The morphology of the fabric and fibres thus would be expected to differ after laundering the clothing, making identification of a weapon used to stab through clothing more difficult. Copyright © 2013 Elsevier Ireland Ltd. All rights reserved.

75 FR 1099 - Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule...

Science.gov (United States)

2010-01-08

... Laundering Compliance Program) and adopt new Rule 3310--NYSE Amex Equities (Anti-Money Laundering Compliance... amendments, NASD Rule 3011 (Anti- Money Laundering Compliance Program) and related Interpretive Material NASD IM-3011-1 and 3011-2 as consolidated FINRA Rule 3310 (Anti-Money Laundering Compliance Program), and...

31 CFR Appendix C to Part 103 - Interpretive Rules

Science.gov (United States)

2010-07-01

...-money laundering programs. See 31 CFR 103.125. Specifically, this Interpretive Guidance clarifies that the anti-money laundering program regulation requires Money Services Businesses to establish adequate and appropriate policies, procedures, and controls commensurate with the risks of money laundering and...

Convergence In Latin America: Illuminating The Pink Tide And Iranian Nexus Through Social Network Analysis

Science.gov (United States)

2017-12-01

Global Security Studies 6, no. 3 (Summer 2015): 21. 25 involvement in money laundering , and was a key component of an Iranian financial mechanism...conduct large monetary transactions and money laundering to support the development of what is now called the Rabbani network.115 Rabbani’s final...actual functioning factories.117 The program is assessed to be a money laundering mechanism to move capital from the then- sanctions strapped Iran.118

78 FR 15121 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Bank...

Science.gov (United States)

2013-03-08

... Activities; Submission for OMB Review; Comment Request; Bank Secrecy Act/Money Laundering Risk Assessment... information collection titled ``Bank Secrecy Act/Money Laundering Risk Assessment,'' also known as the Money... for review and clearance. Bank Secrecy Act/Money Laundering Risk Assessment (OMB Control Number 1557...

Combatting Commercial Terrorists: The PKK Case

Science.gov (United States)

2015-12-01

Kurdistan Workers’ Party, drug trafficking, human trafficking, cigarette smuggling, prostitution, extortion, money laundering , Turkey 15. NUMBER OF...91 F. MONEY LAUNDERING ............................................................... 93 G. CONCLUSION...opportunity to launder illegal money . Also, donations from a sympathetic population is another source of money and legitimacy for terrorist

75 FR 1091 - Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule...

Science.gov (United States)

2010-01-08

... delete NYSE Rule 445 (Anti-Money Laundering Compliance Program) and adopt new Rule 3310 (Anti-Money..., subject to certain amendments, NASD Rule 3011 (Anti- Money Laundering Compliance Program) and related Interpretive Material NASD IM-3011-1 and 3011-2 as consolidated FINRA Rule 3310 (Anti-Money Laundering...

Indicators of Informal Funds Transfer Systems: A Comparison of Traditional and Modern Systems

Science.gov (United States)

2008-12-01

Systems,” The American Criminal Law Review 41 (2004): 190-191; Bala Shanmugam, “Hawala and Money Laundering: A Malaysian Perspective,” Journal of...Individuals or small groups may use IFTS in combination with a personally owned small business to launder a portion of their profits to avoid taxation or...laundering: the Malaysian perspective,” Journal of Money Laundering Control 10 (2007): 431-433; Trade Based Money Laundering. 51

ANALISIS TERHADAP PENCEGAHAN TINDAK PIDANA PENCUCIAN UANG OLEH BANK BNI DI TINJAU DARI UNDANG UNDANG NOMOR 8 TAHUN 2010 TENTANG TPPU

Directory of Open Access Journals (Sweden)

Nur Nugroho

2017-06-01

Full Text Available Formally, the prevention and eradication of criminal acts of money laundering in Indonesia began on 17 April 2002, ie when the enactment of Law No. 15 of 2002 on Money Laundering. Before the enactment of this Act phases of prevention of money laundering have been done but its scope is limited to banking. This can be demonstrated through a set of regulations issued by the banking authority, better known as Bank Indonesia Regulation concerning Know Your Customer. Urgency of this arrangement, of course based on solid arguments, especially regarding the impact of the money laundering activity in the economy and to meet the principles of effective bank supervision. Money laundering can undermine the national economy as it is very closely linked to the belief that one or another country against the policy of the State. Usually money laundering illicit money was made by mixing with legitimate money so that a legitimate business will not compete with companies who are honest, undermining the integrity of the financial markets due to the financial institutions (financial institutions even rely on the proceeds of crime can face the danger of liquidity; resulting in a loss of government control of the economy of a country whose policies result in lack of confidence in other countries against its policies. This research was conducted in Bank BNI Cabang USU. In conducting the study, researchers conducted a study of documents about matters relating to the Prevention of Money Laundering. Fields that deal with money laundering in Bank BNI Cabang USU is the Compliance Division, in line with the needs after the end of 2015, the field of prevention is replaced by the Internal Controls under direct by branch managers. In carrying out its supervisory duties USU Bank BNI has implemented Law No. 8 of 20110 on AML with Bank Indonesia Regulation No. 11/28 / PBI / by applying the principle to know the Customer and step in stages in accordance with Circular No. 11

SUATU TINJAUAN YURIDIS TERHADAP ALAT BUKTI DALAM PENANGGULANGAN TINDAK PIDANA PENCUCIAN UANG

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Oci Senjaya, S.H., M.H.

2016-05-01

Full Text Available Money Laundering (hereinafter referred to as TPPU is a runaway mode a sum of money from the proceeds of crime. Reports Results of analysis conducted by the Financial Transaction Analysis Reporting Center (hereinafter referred PPATK is useful to provide some report suspicious accounts owned by state officials or individuals. They are suspected of committing crimes of Money Laundering regulated in Law Number 8 of 2010 on the Prevention and Combating of Money Laundering. This report differs from a report in the criminal act of terrorism can be used as evidence in the beginning stages of the investigation sufficient to ensnare a person becomes a suspect. Studies in this study focused on the evidence and its development are reviewed judicially in the prevention of Money Laundering. This research used normative juridical research. The results of the study in response to a neighbor legal issues and developments are reviewed evidence legally in the prevention of money laundering (of Money Laundering can be concluded that the LHA PPATK still being debated debate to be used as evidence in the context of judicial due to the absence of formal legal arrangements. Instead, the results of the comparative study of the United States and Germany can be concluded that the Audit Report (hereinafter referred LHA can be used as evidence beginning to catch a suspect who is presumed to commit of Money Laundering which can then be level in the stage of prosecution and trial. The process of proving in court enforced inverted authentication system. Therefore, this report should be included as evidence in Article 175 RUUKUHAP, in addition to evidence in the form: evidence, letters, electronic evidence, expert testimony, the testimony of a witness, the testimony of the defendant and the judge observations.

78 FR 56926 - Privacy Act of 1974; System of Records

Science.gov (United States)

2013-09-16

... supply and money laundering organizations and related criminal operations (e.g., arms traffickers, alien... regulatory laws related to drug trafficking, money laundering, firearms trafficking, alien smuggling... personnel. 3. Individuals reasonably suspected of engaging in money laundering, other financial crimes...

75 FR 60377 - Financial Crimes Enforcement Network; Cross-Border Electronic Transmittals of Funds

Science.gov (United States)

2010-09-30

... Treasury (Treasury), to further its efforts against money laundering and terrorist financing, and is... regulatory authorities detect, investigate, and prosecute money laundering and other financial crimes by... at national and international levels, to combat money laundering and terrorist financing. See...

77 FR 16119 - Agency Information Collection Activities; Proposed Collection; Comment Request; Report of...

Science.gov (United States)

2012-03-19

... and FinCEN's implementing regulations, or to guard against money laundering, which includes imposing anti-money laundering (``AML'') program requirements on financial institutions.\\4\\ \\1\\ The BSA is... of use in investigations involving international and domestic money laundering, tax evasion, fraud...

78 FR 33774 - Proposed Renewal Without Change; Comment Request; Imposition of Special Measure Against Banco...

Science.gov (United States)

2013-06-05

... Money Laundering Concern AGENCY: Financial Crimes Enforcement Network, Department of the Treasury... institution of primary money laundering concern. This request for comments is being made pursuant to the... Insurance Limited, as a financial institution of primary money laundering concern. Office of Management and...

75 FR 6560 - Financial Crimes Enforcement Network; Expansion of Special Information Sharing Procedures To...

Science.gov (United States)

2010-02-10

...; Expansion of Special Information Sharing Procedures To Deter Money Laundering and Terrorist Activity AGENCY... continuing effort to increase the efficiency and effectiveness of its anti-money laundering and counter...-5332, to promote the prevention, detection, and prosecution of international money laundering and the...

78 FR 43000 - Financial Crimes Enforcement Network; Proposed Renewal Without Change; Comment Request...

Science.gov (United States)

2013-07-18

... Institution of Primary Money Laundering Concern AGENCY: Financial Crimes Enforcement Network, Department of... primary money laundering concern. This request for comments is being made pursuant to the Paperwork... Institution of Primary Money Laundering Concern. Office of Management and Budget Control Number: 1506-0036...

77 FR 16118 - Proposed Renewal Without Change; Comment Request; Customer Identification Programs for Various...

Science.gov (United States)

2012-03-19

... to prevent those financial institutions from being used to facilitate money laundering and the... and FinCEN's implementing regulations, or to guard against money laundering, which includes imposing anti-money laundering (``AML'') program requirements on financial institutions.\\4\\ \\1\\ The BSA is...

78 FR 24575 - Imposition of Special Measures Against Kassem Rmeiti & Co. for Exchange as a Financial...

Science.gov (United States)

2013-04-25

... and Halawi Exchange Co. as a Financial Institution of Primary Money Laundering Concern, Notice of Finding that Kassem Rmeiti & Co. For Exchange is a Financial Institution of Primary Money Laundering... Exchange as a Financial Institution of Primary Money Laundering Concern AGENCY: Financial Crimes...

Department of Treasury Semiannual Regulatory Agenda

Science.gov (United States)

2010-04-26

... from the abuses of terrorist financing, money laundering, and other financial crime. The proposed... money laundering, terrorist financing, and other illicit transactions through the financial system. This... services posing lower risks of money laundering and terrorist financing from certain requirements. FinCEN...

77 FR 53893 - Privacy Act of 1974; Department of Homeland Security U.S. Immigration and Customs Enforcement-005...

Science.gov (United States)

2012-09-04

... to identify statistically anomalous transactions that may warrant investigation for money laundering... identify anomalies in patterns of trade. Such anomalies can indicate trade-based money laundering or other... transactions that may warrant investigation for money laundering or other import-export crimes. DARTTS is...

75 FR 79837 - Semiannual Agenda and Fiscal Year 2011 Regulatory Plan

Science.gov (United States)

2010-12-20

.... financial system from the abuses of terrorist financing, money laundering, and other financial crime. The... furthering money laundering, terrorist financing, and other illicit transactions through the financial system... services posing lower risks of money laundering and terrorist financing from certain requirements. FinCEN...

78 FR 24599 - Order Imposing Recordkeeping and Reporting Obligations on Certain U.S. Financial Institutions...

Science.gov (United States)

2013-04-25

... Rmeiti & Co. for Exchange as a Financial Institution of Primary Money Laundering Concern AGENCY... institution operating outside the United States that is of primary money laundering concern. The Director of... Institution of Primary Money Laundering Concern (the ``Finding''). Notice of the Finding is published...

31 CFR 103.122 - Customer identification programs for broker-dealers.

Science.gov (United States)

2010-07-01

... Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering Programs Anti-Money Laundering Programs § 103.122 Customer identification programs for broker-dealers. (a... anti-money laundering compliance program required under 31 U.S.C. 5318(h). (2) Identity verification...

77 FR 7998 - Semiannual Agenda and Fiscal Year 2012 Regulatory Plan

Science.gov (United States)

2012-02-13

... to safeguard the U.S. financial system from the abuses of terrorist financing, money laundering, and... prepaid access as a means for furthering money laundering, terrorist financing, and other illicit... products and services posing lower risks of money laundering and terrorist financing from certain...

22 CFR 140.3 - Definitions.

Science.gov (United States)

2010-04-01

... activities, including money laundering, relating to narcotic or psychotropic drugs, precursor chemicals, or other controlled substances. (f) Money laundering. The process whereby proceeds of criminal activity are... proceeds. The goal of money laundering is to make funds derived from or associated with illicit activity...

Department of the Treasury Semiannual Regulatory Agenda

Science.gov (United States)

2010-12-20

..., money laundering, and other financial crime. The proposed changes are intended to address regulatory... for the use of prepaid access as a means for furthering money laundering, terrorist financing, and...) exempting certain categories of prepaid access products and services posing lower risks of money laundering...

Descriptive Analysis and Strategic Options to Defeat Commodity-Based Threat Financing Methodologies Related to Gold

Science.gov (United States)

2015-09-01

auditing firms. 14. SUBJECT TERMS Counter threat finance, commodity-based money laundering , terrorist financing, social network analysis, bright...51 2. Asia/Pacific Group on Money Laundering ................................52 3. Caribbean Financial Action Task Force...53 4. Eurasian Group on Combating Money Laundering and Financing of Terrorism

78 FR 28924 - Self Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

Science.gov (United States)

2013-05-16

... Change Amending Rule Governing the Anti-Money Laundering Compliance Program May 10, 2013. Pursuant to... of the Proposed Rule Change CHX proposes to amend its Anti-Money Laundering Compliance Program (the... Financial institutions, including broker-dealers, must develop and implement Anti-Money Laundering (``AML...

31 CFR 103.176 - Due diligence programs for correspondent accounts for foreign financial institutions.

Science.gov (United States)

2010-07-01

... TRANSACTIONS Anti-Money Laundering Programs Special Due Diligence for Correspondent Accounts and Private... an ongoing basis, any known or suspected money laundering activity conducted through or involving any... section shall be a part of the anti-money laundering program otherwise required by this subpart. Such...

31 CFR 103.178 - Due diligence programs for private banking accounts.

Science.gov (United States)

2010-07-01

... Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering... designed to detect and report any known or suspected money laundering or suspicious activity conducted... section shall be a part of the anti-money laundering program otherwise required by this subpart. (b...

75 FR 21867 - Semiannual Agenda

Science.gov (United States)

2010-04-26

... to safeguard the U.S. financial system from the abuses of terrorist financing, money laundering, and... prepaid access as a means for furthering money laundering, terrorist financing, and other illicit... products and services posing lower risks of money laundering and terrorist financing from certain...

76 FR 5415 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Order Approving...

Science.gov (United States)

2011-01-31

... Rule Change Regarding Rule 4.20--Anti-Money Laundering Compliance Program January 25, 2011. I... Rule 4.20, Anti-Money Laundering Compliance Program, to require all Trading Permit Holders or TPH... or TPH organization's existence to ensure anti-money laundering compliance is in place and...

76 FR 64049 - Bank Secrecy Act Regulations: Definition of “Monetary Instrument”

Science.gov (United States)

2011-10-17

..., and anti-money laundering program requirements on providers and sellers of prepaid access. While the..., stated: \\13\\ See Money Laundering Using New Payment Methods, Financial Action Task Force, October 2010... Money Laundering Strategy stated that prepaid access is ``* * * an emerging cash alternative for both...

31 CFR 103.131 - Customer identification programs for mutual funds.

Science.gov (United States)

2010-07-01

... Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering Programs Anti-Money Laundering Programs § 103.131 Customer identification programs for mutual funds. (a... mutual fund's anti-money laundering program required under the regulations implementing 31 U.S.C. 5318(h...

76 FR 45403 - Bank Secrecy Act Regulations-Definitions and Other Regulations Relating to Prepaid Access

Science.gov (United States)

2011-07-29

... prepaid access products and services posing lower risks of money laundering and terrorist financing from... exceptions to: (1) Establish written anti-money laundering (AML) programs that are reasonably designed to prevent the MSB from being used to facilitate money laundering and the financing of terrorist activities...

75 FR 65805 - Transfer and Reorganization of Bank Secrecy Act Regulations

Science.gov (United States)

2010-10-26

... and the other for the anti-money laundering program rules for mutual funds.\\4\\ Although the two... Special Information Sharing Procedures to Deter Money Laundering and Terrorist Activity). \\7\\ See http... B--Programs 1010.200 General. 1010.205 Exempted anti-money laundering programs for certain financial...

75 FR 2929 - Agency Information Collection Activities: Submission for OMB Review; Comment Request

Science.gov (United States)

2010-01-19

... soliciting comments concerning an information collection titled ``Bank Secrecy Act/Money Laundering Risk Assessment'' (a.k.a. Money Laundering Risk (MLR) System). The OCC also gives notice that it has sent the... approval for the following information collection: Title: Bank Secrecy Act/Anti-Money Laundering Risk...

77 FR 25215 - Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.; Notice of Filing and Immediate...

Science.gov (United States)

2012-04-27

... Change To Amend Rules Regarding Clearing Member Anti-Money Laundering Programs April 23, 2012. Pursuant.... RULEBOOK Rule 100-980--No Change. * * * * * Chapter 9. Clearing Members Rule 981. ANTI-MONEY LAUNDERING AND... Commodity Futures Trading Commission. That [anti-money laundering] compliance program shall, at a minimum, 1...

75 FR 19241 - Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations; Defining...

Science.gov (United States)

2010-04-14

... definition of mutual fund in the rule requiring mutual funds to establish anti-money laundering (``AML...-money laundering programs and compliance procedures.\\1\\ Regulations implementing the BSA appear at 31... transactions.\\7\\ \\5\\ Anti-Money Laundering Programs for Mutual Funds, 67 FR 21117 (April 29, 2002); Customer...

75 FR 36589 - Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations-Definitions...

Science.gov (United States)

2010-06-28

... exempting certain categories of prepaid access products and services posing lower risks of money laundering... potential for the use of prepaid access as a means for furthering money laundering, terrorist financing, and... abuses of terrorist financing, money laundering, and other financial crime. In the course of our...

75 FR 75593 - Financial Crimes Enforcement Network; Confidentiality of Suspicious Activity Reports

Science.gov (United States)

2010-12-03

... continuing effort to increase the efficiency and effectiveness of its anti-money laundering and counter... law or regulation, or a suspicious activity related to money laundering, terrorist financing, or other...). \\3\\ The Annunzio-Wylie Anti-Money Laundering Act of 1992 (the Annunzio-Wylie Act), amended the BSA...

31 CFR 103.110 - Voluntary information sharing among financial institutions.

Science.gov (United States)

2010-07-01

... Information Sharing Procedures To Deter Money Laundering and Terrorist Activity § 103.110 Voluntary.... 5312(a)(2) that is required under this part to establish and maintain an anti-money laundering program... suspects may involve possible terrorist activity or money laundering. (2) Notice requirement. A financial...

75 FR 34215 - Proposed Renewal Without Change; Comment Request; Imposition of Special Measure Against...

Science.gov (United States)

2010-06-16

... Syrian Lebanese Commercial Bank, as a Financial Institution of Primary Money Laundering Concern AGENCY... Lebanese Commercial Bank, as a financial institution of primary money laundering concern. This request for... primary money laundering concern, pursuant to the authority contained in 31 U.S.C. 5318A. Current Action...

78 FR 24584 - Imposition of Special Measures Against Halawi Exchange Co. as a Financial Institution of Primary...

Science.gov (United States)

2013-04-25

... financial institution operating outside of the United States that is of primary money laundering concern... international money laundering and the financing of terrorism. Regulations implementing the BSA appear at 31 CFR..., class of transaction, or type of account is of ``primary money laundering concern,'' to require domestic...

78 FR 56737 - Privacy Act of 1974; System of Records

Science.gov (United States)

2013-09-13

..., or known, suspected, or alleged to be involved with illicit drug trafficking, money laundering of... of illegal drugs and money laundering in the United States or such other roles in support of counter-drug and money laundering law enforcement, counter-firearms trafficking, counter-alien smuggling, and...

12 CFR 211.24 - Approval of offices of foreign banks; procedures for applications; standards for approval...

Science.gov (United States)

2010-01-01

... combat money laundering. The Board also may take into account whether the home country supervisor is developing a legal regime to address money laundering or is participating in multilateral efforts to combat money laundering. In approving an application under this paragraph (c)(1)(iii), the Board, after...

78 FR 34008 - Imposition of Special Measure Against Liberty Reserve S.A. as a Financial Institution of Primary...

Science.gov (United States)

2013-06-06

... PATRIOT Act amends the anti- money laundering provisions of the Bank Secrecy Act (BSA), codified at 12 U.S..., detection, and prosecution of international money laundering and the financing of terrorism. Regulations... jurisdiction, institution, class of transaction, or type of account is of ``primary money laundering concern...

Praní špinavých peněz a jeho prevence

OpenAIRE

Chýlová, Jana

2010-01-01

The work includes a theoretical definition, ways and methods of money laundering, Czech and International anti money laundering (AML) law. The second part is devoted to the fight against money laundering. It describes the main AML organizations. And as an example is given the program of one banking institution.

Transnational Organized Crime and New Terrorism in Sri Lanka: A Nexus

Science.gov (United States)

2017-12-01

national security of Sri Lanka. 14. SUBJECT TERMS transnational organized crime, drug trafficking, money laundering , trafficking in persons...42 4. Money Laundering .......................................................................45 5. Trafficking of Illegal Arms...MILF Moro Islamic Liberation Front ML money laundering MNLF Moro National Liberation Front MOD Ministry of Defense NDDCB National Dangerous

26 CFR 301.7624-1 - Reimbursement to State and local law enforcement agencies.

Science.gov (United States)

2010-04-01

... contributes to the recovery of Federal taxes imposed with respect to illegal drug or related money laundering... or related money laundering activities provided the information was not already in the possession of... million in taxes with respect to money laundering in connection with illegal drug activities because, even...

75 FR 80560 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing of...

Science.gov (United States)

2010-12-22

... Change Regarding Rule 4.20--Anti-Money Laundering Compliance Program December 16, 2010. Pursuant to... 1. Purpose The purpose of the proposed rule change is to amend Rule 4.20-- Anti-Money Laundering... anti- money laundering compliance is in place and established at the outset of the Trading Permit...

78 FR 24601 - Order Imposing Recordkeeping and Reporting Obligations on Certain U.S. Financial Institutions...

Science.gov (United States)

2013-04-25

... Exchange Co. as a Financial Institution of Primary Money Laundering Concern AGENCY: Financial Crimes... United States that is of primary money laundering concern. The Director of FinCEN is issuing an order....S.C. 5318A, found Halawi Exchange to be a Financial Institution of Primary Money Laundering Concern...

75 FR 13343 - Financial Crimes Enforcement Network; Proposed Renewal Without Change; Comment Request...

Science.gov (United States)

2010-03-19

... institution of primary money laundering concern. This request for comments is being made pursuant to the... financial institution of primary money laundering concern. Office of Management and Budget Control Number... money laundering concern pursuant to the authority contained in 31 U.S.C. 5318A. Current Action: Renewal...

12 CFR 748.1 - Filing of reports.

Science.gov (United States)

2010-01-01

... reason to suspect that any crime or any suspicious transaction related to money laundering activity or a... union must report any known or suspected crime or any suspicious transaction related to money laundering... or more that involve potential money laundering or violations of the Bank Secrecy Act. Any...

Kebijakan Hukum Pidana Pencucian Uang Menurut Undang-Undang Nomor 8 Tahun 2010 Tentang Pencegahan dan Pemberantasan Tindak Pidana Pencucian Uang

OpenAIRE

Eko Soponyono, Anugerah Debryansyah Putera, Pujiyono*),

2013-01-01

Money laundering is a crime that seems to be making money or treasure the result of a criminal offense or illegitimate money made as if money or possessions that looks legitimate and lawful. Money laundering known first time when Al Capone a mafia in the United States that conceals the money of a deed unauthorized placed in a laundry companies. Since then known criminal act of money laundering. In 1988, Vienna Convention was held about the eradication of narcotics trade which then leads to mo...

78 FR 24593 - Notice of Finding That Kassem Rmeiti & Co. For Exchange Is a Financial Institution of Primary...

Science.gov (United States)

2013-04-25

.... For Exchange Is a Financial Institution of Primary Money Laundering Concern AGENCY: Financial Crimes... United States that is of primary money laundering concern. DATES: The finding referred to in this notice... the anti- money laundering provisions of the Bank Secrecy Act (``BSA''), codified at 12 U.S.C. 1829b...

76 FR 26338 - Agency Information Collection Activities; Renewal Without Change of a Current Collection; Comment...

Science.gov (United States)

2011-05-06

... to the anti- money laundering provisions of Title II of the BSA, 31 U.S.C. 5311 et seq., which are intended to aid in the prevention, detection and prosecution of international money laundering and..., investigation and prosecution of money laundering and other matters. In accordance with the requirements of the...

76 FR 9268 - Financial Crimes Enforcement Network; Imposition of Special Measure Against the Lebanese Canadian...

Science.gov (United States)

2011-02-17

... Money Laundering Concern AGENCY: Financial Crimes Enforcement Network, Treasury (``FinCEN''), Treasury... financial institution of primary money laundering concern pursuant to 31 U.S.C. 5318A. FinCEN is issuing... Law 107-56. Title III of the USA PATRIOT Act amended the anti- money laundering provisions of the Bank...

76 FR 72878 - Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations-Imposition of...

Science.gov (United States)

2011-11-28

... Iran as a Jurisdiction of Primary Money Laundering Concern AGENCY: Financial Crimes Enforcement Network... Republic of Iran (``Iran'') is a jurisdiction of primary money laundering concern pursuant to 31 U.S.C... Act amends the anti- money laundering provisions of the Bank Secrecy Act (``BSA''), codified at 12 U.S...

75 FR 54880 - Eddie Floyd, Licensee of FM Translator Station K273AF, Carson City, NV, Facility ID No. 13529...

Science.gov (United States)

2010-09-09

... relating to money laundering and his apparent failure to inform the Commission about such misconduct in the...), involving money laundering, and one count of violating 18 U.S.C. 2, aiding and abetting a felony crime, both... the company in exchange for $27,500. The court found these payments constituted money laundering by...

77 FR 31794 - Financial Crimes Enforcement Network; Imposition of Special Measure Against JSC CredexBank as a...

Science.gov (United States)

2012-05-30

...; Imposition of Special Measure Against JSC CredexBank as a Financial Institution of Primary Money Laundering... for concluding that JSC CredexBank is a financial institution of primary money laundering concern...- money laundering provisions of the Bank Secrecy Act (BSA), codified at 12 U.S.C. 1829b, 12 U.S.C. 1951...

Follow The Silk Road: How Internet Affordances Influence and Transform Crime and Law Enforcement

Science.gov (United States)

2017-12-01

87  4.  BTC-e Money Laundering ...exploitation, and money laundering are some of the crimes being facilitated by Internet technologies. The evolution of crime is so dramatic that a new...iv money laundering are also being influenced. The recent AlphaBay and Hansa darknet marketplace criminal cases show how prolific Internet

76 FR 45689 - Financial Crimes Enforcement Network; Repeal of the Final Rule and Withdrawal of the Finding of...

Science.gov (United States)

2011-08-01

... Money Laundering Concern Against VEF Banka AGENCY: Financial Crimes Enforcement Network (``FinCEN... Institution of Primary Money Laundering Concern of April 26, 2005, issued pursuant to 31 U.S.C. 5318A of the... PATRIOT Act amends the anti-money laundering provisions of the BSA, codified at 12 U.S.C. 1829b, 12 U.S.C...

77 FR 59747 - Repeal of the Final Rule Imposing Special Measures and Withdrawal of the Findings of Primary...

Science.gov (United States)

2012-10-01

... Money Laundering Concern of November 25, 2003, issued pursuant to 31 U.S.C. 5318A of the Bank Secrecy... amends the anti-money laundering provisions of the BSA, codified at 12 U.S.C. 1829b, 12 U.S.C. 1951-1959..., or type of account is of ``primary money laundering concern,'' to require domestic financial...

31 CFR 103.100 - Information sharing between Federal law enforcement agencies and financial institutions.

Science.gov (United States)

2010-07-01

... FOREIGN TRANSACTIONS Special Information Sharing Procedures To Deter Money Laundering and Terrorist... money laundering—(1) In general. A law enforcement agency investigating terrorist activity or money... suspected based on credible evidence of engaging in, terrorist activity or money laundering; include enough...

Ultrafiltration to reuse laundering wash water

DEFF Research Database (Denmark)

Giagnorio, Mattia; Søtoft, Lene Fjerbæk; Tiraferri, Alberto

2017-01-01

Laundering industry consumes and discharges large amounts of water and surfactants, and the demand of surface active agents used for washing is increasing worldwide. Some of these substances are considered contaminants of emerging concern, as they persist in the environment. This work aimed...... at evaluating the feasibility of ultrafiltration as a method to treat the wash wastewater and possibly reuse the surfactant-rich permeate stream in laundry facilities. In particular, evaluation of surfactant recovery was performed through analysis of the permeate flux and properties obtained through polymeric...... and ceramic membranes. Wash water samples were collected at an industrial laundering facility for hospital linen and filtered through different ultrafiltration membranes with varying molecular weight cut-off. The critical micelle concentration of the detergent was quantified, and capillarity measurements were...

Chinas Response to Terrorism

Science.gov (United States)

2016-06-01

regulations regarding terrorism and related activities (e.g., the 2006 Anti- Money iv Laundering Law), most notably the 2015 Counterterrorism... Money Laundering ASEAN Association for Southeast Asian Nations CASS Chinese Academy of Social Sciences CCP Chinese Communist Party CICIR China...the Financing of Terrorism” in 2006, and passed a new law governing money laundering in an effort to restrict access to funds available to terrorists

SIGAR Special Inspector General for Afghanistan Reconstruction

Science.gov (United States)

2017-10-30

231 Other/ Miscellaneous 58Procurement and Contract Fraud 91 Corruption and Bribery 48 Money Laundering 12 Theft 22 Source: SIGAR Investigations...been plagued with modern forms of criminality like bid rigging and money laundering . But the ancient trade of smuggling also survives, and its...transport of the gold violated Afghan customs and anti- money laundering laws. Further investigation revealed that the individual was working as a courier

Nusikalstamu būdu įgytų pinigų ar turto legalizavimo baudžiamasis teisinis vertinimas

OpenAIRE

Gutauskas, Aurelijus

2007-01-01

Money laundering is now criminalized under Article 216 dealing with “Legislation of money or property acquired in a criminal way”. There is a common characteristic of money laundering reviewed in this article also problems of fight against this crime are brought to light. Money laundering is analyzed from the point of view of criminal law. The laws of Republic of Lithuania which set a penal amenability are discussed. They are compared with corresponding laws of foreign countries. The greatest...

Globalization and Money Laundering

Directory of Open Access Journals (Sweden)

George Dorel Popa

2012-05-01

Full Text Available Twentieth century has been characterized by many structural changes on the planetary level. Thechanges were caused by social revolutions, the communist bloc collapse, huge technological advances, notleast the significant increase of the international trade volume. The second part of the century brought theglobalization as a major feature of our world. Globalization has manifested first in the Economical field andthen gradually in other areas of the social life. This phenomenon brought undeniable benefits and a number ofrisks and negative effects for the countries of the world. The biggest threat in this respect is the extent oftransnational organized crime. The originality of this paper is consisting in understanding of moneylaundering using the factors that define the formation and development of this crime, as well the favor factors.The added value of the paper comes from interdisciplinary presentation of this crime. This paper highlightsthe conditions and factors that cause serious consequences in this respect. Studying this crime and its featurescould be a key for solving many problems in the area of Economical crimes. This paper could contribute tothe work of police officers, prosecutors or judges on daily bases fight against crime and its socialconsequences.

77 FR 552 - Proposed Collection; Comment Request; Renewal of Suspicious Activity Reporting by the Securities...

Science.gov (United States)

2012-01-05

..., to protect against international terrorism, and to implement counter-money laundering programs and... proceedings involving domestic and international money laundering, terrorist financing, tax violations, fraud...

Influence of Laundering on the Quality of Sewn Cotton and Bamboo Woven Fabrics

Directory of Open Access Journals (Sweden)

Jurgita KOŽENIAUSKIENĖ

2013-03-01

Full Text Available In the presented study the effect of laundering on the quality of sewn cotton and bamboo plain woven fabrics was investigated considering both the textile parameters and the type of chemical treatment. Quality parameters of sewn cotton and bamboo woven fabrics such as: fabric strength, seam strength and seam slippage at the moment of 4 mm seam opening were evaluated before and after washing with “Tide” washing powder without softeners or with softeners: “Surcare” and “Pflege Weicspuler”. There was also determined surface density, warp and weft densities as well as thicknesses under the pressures 0.625 kPa and 3.125 kPa, and calculated the comparative thickness that was considered as softness or porosity of fabrics. Notwithstanding that both the investigated fabrics were cellulosic their behavior after laundering was different. Under the tested conditions, unwashed and laundered with or without chemical softeners cotton fabric didn’t demonstrate seam slippage. The seam slippage resistance of laundered without or with softener specimens of bamboo fabric was increased in respect to control fabric. The larger changes in seam efficiency and seam strength because of laundering were determined for bamboo woven fabric then for cotton fabric. They could be influenced by the higher changes in bamboo fabric’s structure. The highest difference between the structure parameters of both fabrics was determined for comparative thickness. It was significantly increased for cotton fabric and decreased for bamboo fabric after chemical softening comparing to untreated fabrics.DOI: http://dx.doi.org/10.5755/j01.ms.19.1.3831

Boj proti legalizaci výnosů z trestné činnosti

OpenAIRE

Mareš, Ladislav

2013-01-01

The aim of this bachelor thesis is to describe a history of money laundering, a basic process of money laundering, regulations and responsibilities of designated sectors. There is interpreted the main purpose of FATF organization, also mention about the most influent document of international standards on combating money laundering and the financing of terrorism & proliferation, members, observers and other participants in this independent inter-governmental organization. There is also a ment...

78 FR 14415 - Agency Information Collection Activities; Comment Request of the Proposed Changes to the Report...

Science.gov (United States)

2013-03-05

... protect against international terrorism, and to implement counter-money laundering programs and compliance... identification, investigation, and prosecution of individuals involved in money laundering, the financing of...

المعالجة التشريعية لمكافحة غسل الأموال و تمويل الإرهاب في سوق الأوراق المالية (دراسة مقارنة

Directory of Open Access Journals (Sweden)

سماح حسين علي

2017-03-01

Full Text Available The process of money laundering and terrorist financing in the stock market of illegal practices that have contributed to a number of factors for its location, but the seriousness of dealing in the stock market and to prevent the exploitation of this activity, or to exploit licensed to work in those who are in contact with customers We find that the anti-money laundering and terrorist financing in the stock market legislation committed these authorities to take a number of requirements to Anti- money laundering and terrorist financing. This came to our search marked (legislative treatment to Anti- money laundering and terrorist financing in the stock market As comparative study with all of the US legislation, which became aware of the seriousness of the funds and the financing of terrorism wash after the events / 11 / September / 2001 and which resulted in the issuance of (PATRIOT ACT 2001 , and the legislation of Kuwait of the instructions of the Capital Markets Authority (2 for the year 2015 on anti-money laundering and the financing of terrorism, for the purpose of shedding light on the position of this legislation, and compare it with what is happening in Iraq Stock Exchange.

UPAYA PUSAT PELAPORAN DAN ANALISIS TRANSAKSI KEUANGAN DALAM PENANGGULANGAN TINDAK PIDANA PENCUCIAN UANG

Directory of Open Access Journals (Sweden)

Eko Raharjo

2015-11-01

Full Text Available The issue of crime not only from the public spotlight in the local and national level, but also a serious concern of the international community. One crime that is now often used as a discussion by scholars of law, economics and banking apparatus of government and law enforcement are on the money laundering crime (money laundering, especially with the notion that the Republic of Indonesia is "heaven" for these practices criminal offenses or the crime of money laundering. The legal issues increasingly into the spotlight with the inclusion of the Republic of Indonesia in the black list or black list. Keywords: Center for Financial Transaction Reporting and Analysis, Money Laundering

78 FR 12420 - Submission for OMB Review; Comment Request

Science.gov (United States)

2013-02-22

... of Special Information Sharing Procedures to Deter Money Laundering and Terrorist Activity. Abstract... efficiency and effectiveness of its anti-money laundering and counter- terrorist financing policies. Affected...

12 CFR 5.33 - Business combinations.

Science.gov (United States)

2010-01-01

... with safe and sound banking practices. (iii) Money laundering. The OCC considers the effectiveness of any insured depository institution involved in the business combination in combating money laundering...

76 FR 40114 - Semiannual Agenda

Science.gov (United States)

2011-07-07

... abuses of terrorist financing, money laundering, and other financial crime. The proposed changes are... services posing lower risks of money laundering and terrorist financing from certain requirements. FinCEN... Money Services Businesses to include stored value or prepaid access. In this proposed rulemaking, we are...

31 CFR 103.16 - Reports by insurance companies of suspicious transactions.

Science.gov (United States)

2010-07-01

..., such as terrorist financing or ongoing money laundering schemes, the insurance company shall... fraudulent submission relates to money laundering or terrorist financing. (e) Retention of records. An... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Reports by insurance companies of...

77 FR 33638 - Amendment to the Bank Secrecy Act Regulations-Exemption From the Requirement To Report...

Science.gov (United States)

2012-06-07

... effectiveness of its anti-money laundering and counter-terrorist financing policies. \\1\\ These customers are... enforcement purposes. \\6\\ See section 402 of the Money Laundering Suppression Act of 1994 (the ``Money...\\ 31 U.S.C. 5311. \\4\\ Treasury Order 180-01 (Sept. 26, 2002). \\5\\ 31 U.S.C. 5318(h)(2). The Money...

Opatření proti legalizaci výnosů z trestné činnosti z pohledu finančního práva

OpenAIRE

Špás, Martin

2014-01-01

This thesis, titled "Anti-money laundering measures from the perspective of financial law" aims to introduce the essential aspects of the money laundering and futher to define basic procedures and methods for the fight against money laundering, not only on the national level but also on the international level. It is mainly focused on the description and explication of this worldwide phenomenon which is affecting the national economics and national interests. The primary objective is to evalu...

75 FR 53837 - Blocking Property of Certain Persons With Respect to North Korea

Science.gov (United States)

2010-09-01

... financial and other support, including money laundering, the counterfeiting of goods and currency, bulk cash... Korea; (D) to have, directly or indirectly, engaged in money laundering, the counterfeiting of goods or...

28 CFR 9.4 - Petitions in judicial forfeiture cases.

Science.gov (United States)

2010-07-01

... Attorney shall forward to the Chief, Asset Forfeiture and Money Laundering Section, the petition, the... received by the Asset Forfeiture and Money Laundering Section at the address contained in the decision...

12 CFR 585.40 - What convictions or agreements to enter into pre-trial diversions or similar programs are covered...

Science.gov (United States)

2010-01-01

..., breach of trust, or money laundering. Convictions do not cover arrests, pending cases not brought to... for a criminal offense involving dishonesty, breach of trust or money laundering. A pretrial diversion...

31 CFR 103.192 - Special measures against VEF Bank.

Science.gov (United States)

2010-07-01

... FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering Programs...-money laundering program requirement; (viii) A broker or dealer in securities registered, or required to... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Special measures against VEF Bank...

31 CFR 103.193 - Special measures against Banco Delta Asia.

Science.gov (United States)

2010-07-01

... FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering Programs...-money laundering program requirement; (viii) A broker or dealer in securities registered, or required to... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Special measures against Banco Delta...

RÉGLEMENTATIONS INTERNATIONALES CONCERNANT LE BLANCHIMENT DE L’ARGENT

Directory of Open Access Journals (Sweden)

Ana Alina ŞOOŞ

2007-09-01

Full Text Available The total of the sums involved in money laundering is huge and stands in the way of the economic development of many countries.The globalizing era has produced an explosion in the volume of illegitimate commercial and financial transactions.“Dirty money” is money that is illegally earned, illegally transferred or illegally utilized. If it breaks laws in its origin, movement or use, then it qualifies for the label.On the European level the coordination of efforts in the “dirty” money laundering was represented in the “Convention on money laundering, discovering, arrest and confiscation of discovered means received in a criminal way” adopted by the Council of Europe (Strasburg, 08.01.90; further – the Convention, and also in the directive approved by the Council of the EU as of February 14, 1991, No.91/308/CEE as for preventing use of finance system for money laundering. The directive of the EU assigned spread of the provisions concerning combating laundering not only on profits from drugs business and also on terrorism and other kinds of organized crime.

77 FR 41334 - Request for Comments: Customer Due Diligence Requirements for Financial Institutions; Public Hearing

Science.gov (United States)

2012-07-13

... domestic or foreign entity, (2) regulated or unregulated for anti-money laundering purposes, etc.), (ii... little to no independent economic value. See FinCEN Guidance, FIN-2006-G014, ``Potential Money Laundering...

75 FR 81377 - Prohibited Service at Savings and Loan Holding Companies; Reinstitution of Expiration Date of...

Science.gov (United States)

2010-12-28

... of trust, or money laundering (or who has agreed to enter into a pretrial diversion or similar... has been convicted of any criminal offense involving dishonesty, breach of trust, or money laundering...

76 FR 23338 - Agency Information Collection Activities: Proposed Collection; Comments Requested

Science.gov (United States)

2011-04-26

... Forfeiture and Money Laundering Section, will be submitting the following information collection request to... Money Laundering Section. (4) Affected public who will be asked or required to respond, as well as a...

12 CFR 21.11 - Suspicious Activity Report.

Science.gov (United States)

2010-01-01

... or a suspicious transaction related to a money laundering activity or a violation of the Bank Secrecy... of suspects. (4) Transactions aggregating $5,000 or more that involve potential money laundering or...

12 CFR 563.180 - Suspicious Activity Reports and other reports and statements.

Science.gov (United States)

2010-01-01

... transaction related to a money laundering activity or a violation of the Bank Secrecy Act. (2) Definitions... more that involve potential money laundering or violations of the Bank Secrecy Act. Any transaction...

12 CFR 208.62 - Suspicious activity reports.

Science.gov (United States)

2010-01-01

... transaction related to a money laundering activity or a violation of the Bank Secrecy Act. This section... or more that involve potential money laundering or violations of the Bank Secrecy Act. Any...

31 CFR 103.175 - Definitions.

Science.gov (United States)

2010-07-01

... REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering Programs Special Due Diligence for...-money laundering program requirement; (viii) A broker or dealer in securities registered, or required to... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Definitions. 103.175 Section 103.175...

28 CFR 9.2 - Definitions.

Science.gov (United States)

2010-07-01

... property subject to forfeiture. (f) The terms Chief, Asset Forfeiture and Money Laundering Section, and Chief, refer to the Chief of the Asset Forfeiture and Money Laundering Section, Criminal Division...) Was created as a result of an exchange of money, goods, or services; and (3) Is perfected against the...

Komparace nástrojů boje proti legalizaci výnosů z trestné činnosti v ČR a SRN

OpenAIRE

Šváchová, Lucie

2017-01-01

The subject of my thesis is the identification and subsequent comparison of legal instruments which are intended to fight against legalization of proceeds of crime, which is also referred to as money laundering, in the Czech Republic and in the Federal Republic of Germany. The first chapter is to familiarize the reader with the issue of money laundering, therefore it provides the definition of the phenomenon of money laundering and also describes the typical phases of this process. The second...

Upaya Pusat Pelaporan dan Analisis Transaksi Keuangan dalam Penanggulangan Tindak Pidana Pencucian Uang

OpenAIRE

Raharjo, Eko

2016-01-01

The issue of crime not only from the public spotlight in the local and national level, but also a serious concern of the international community. One crime that is now often used as a discussion by scholars of law, economics and banking apparatus of government and law enforcement are on the money laundering crime (money laundering), especially with the notion that the Republic of Indonesia is "heaven" for these practices criminal offenses or the crime of money laundering. The legal issues inc...

Tinjauan Yuridis terhadap Penerapan Pasal 5 Undangundang Nomor 15 Tahun 2002 Tentang Pencucian Uang dalam Penetapan Tersangka Eddies Adelia

OpenAIRE

Edorita, Widia; Andri Siburian, Tedi Franggoes

2015-01-01

The problem of money laundering in Indonesia is no longer a new problemin matters of law and economics. Its growth continues to increase from year toyear, Quality Money Laundering done more neatly and systematically not onlythreatens the stability and integrity of the economic system and the financialsystem, but also can harm the joints of the life of society, nation and state.Development of anti-money laundering regime in Indonesia that began since theadoption of the Law of the Republic of I...

12 CFR 219.21 - Authority, purpose and scope.

Science.gov (United States)

2010-01-01

... amended by the Annunzio-Wylie Anti-Money Laundering Act of 1992 (Pub. L. 102-550, Title XV; 106 Stat. 3672... recordkeeping and reporting requirements will assist in the prosecution of money laundering activities and are...

Structural, Chemical, and Mechanical Properties of Pressure Garments as a Function of Simulated Use and Repeated Laundering.

Science.gov (United States)

Malara, Megan M; Kim, Jayne Y; Clark, J Alexander; Blackstone, Britani N; Ruegsegger, Mark A; Bailey, J Kevin; Supp, Dorothy M; Powell, Heather M

2018-06-13

Pressure garments are widely employed for management of postburn scarring. Although pressure magnitude has been linked to efficacy, maintenance of uniform pressure delivery is challenging. An understanding of garment fabric properties is needed to optimize pressure delivery for the duration of garment use. To address this issue, compression vests were manufactured using two commonly used fabrics, Powernet or Dri-Tek Tricot, to achieve 10% reduction in circumference for a child-sized mannequin. Applied pressure was tracked on five anatomical sites over 23 hours, before laundering or after one and five laundering cycles. Load relaxation and fatigue of fabrics were tested before laundering or after one and five laundering cycles, and structural analysis via scanning electron microscopy was performed. Prior to laundering, pressure vests fabricated using Powernet or Dri-Tek Tricot generated a maximum pressure on the mannequin of 20 and 23 mm Hg, respectively. With both fabrics, pressure decreased during daily wear. Following five laundering cycles, Dri-Tek Tricot vests delivered a maximum of 7 vs 15 mm Hg pressure for Powernet at the same site. In cyclic tensile and load relaxation tests, exerted force correlated with fabric weave orientation with greatest force measured parallel to a fabric's long axis. The results demonstrate that Powernet exhibited the greatest applied force with the least garment fatigue. Fabric orientation with respect to the primary direction of tension was a critical factor in pressure generation and maintenance. This study suggests that fabrication of garments using Powernet with its long axis parallel to patient's body part circumference may enhance the magnitude and maintenance of pressure delivery.

77 FR 74277 - Proposed Collection; Comment Request; Renewal Without Change of the Requirement for Information...

Science.gov (United States)

2012-12-13

... money laundering and the financing of terrorism. Regulations implementing the BSA appear at 31 CFR... entities and financial institutions for the purpose of combating terrorism and money laundering is of..., in the case of [[Page 74278

Comprehensive examination of conventional and innovative body fluid identification approaches and DNA profiling of laundered blood- and saliva-stained pieces of cloths.

Science.gov (United States)

Kulstein, G; Wiegand, P

2018-01-01

Body fluids like blood and saliva are commonly encountered during investigations of high volume crimes like homicides. The identification of the cellular origin and the composition of the trace can link suspects or victims to a certain crime scene and provide a probative value for criminal investigations. To erase all traces from the crime scene, perpetrators often wash away their traces. Characteristically, items that show exposed stains like blood are commonly cleaned or laundered to free them from potential visible leftovers. Mostly, investigators do not delegate the DNA analysis of laundered items. However, some studies have already revealed that items can still be used for DNA analysis even after they have been laundered. Nonetheless, a systematical evaluation of laundered blood and saliva traces that provides a comparison of different established and newly developed methods for body fluid identification (BFI) is still missing. Herein, we present the results of a comprehensive study of laundered blood- and saliva-stained pieces of cloths that were applied to a broad range of methods for BFI including conventional approaches as well as molecular mRNA profiling. The study included the evaluation of cellular origin as well as DNA profiling of blood- and saliva-stained (synthetic fiber and cotton) pieces of cloths, which have been washed at various washing temperatures for one or multiple times. Our experiments demonstrate that, while STR profiling seems to be sufficiently sensitive for the individualization of laundered items, there is a lack of approaches for BFI with the same sensitivity and specificity allowing to characterize the cellular origin of challenging, particularly laundered, blood and saliva samples.

FEATURES OF THE SCHEMES OF CASH PAYMENTS AND BANKING OPERATIONS WITH MONEY LAUNDERING

Directory of Open Access Journals (Sweden)

Irina N. Mihailova

2014-01-01

Full Text Available The scientific article is devoted to problems of identification schemes origin of the property and money by making a wide range of transactions and financial operations in business and other economic activity, which is carried out by change of the nominal owner of the property (front companies. In most cases, these transactions have no economic sense. For the legislation of criminal possession of property transactions are documented. In the process of legalization of income obtained illegally are in the form of goods, funds, securities, property rights, which require constant perfection of methods for the detection of fraudulent schemes.

Italy’s Carabinieri and Contemporary Security Challenges

Science.gov (United States)

2017-12-01

the meantime, organized crime in Italy has grown to epic proportions, encompassing money laundering , counterfeiting, corruption, and drug trafficking...arrests.93 Organized crime involves international activities, including drug and human trafficking, illegal weapons, and money laundering . The...extortions, loan-sharking, collection of money , all perpetrated in a stifling atmosphere of total control of the territory and economics, while keeping

DELIMITĂRI CONCEPTUALE ALE SPĂLĂRII BANILOR ÎN REGLEMENTĂRILE NAŢIONALE ŞI INTERNAŢIONALE

Directory of Open Access Journals (Sweden)

Ana Alina Soos

2008-05-01

Full Text Available The paper „Conceptual Delimitations Concerning Money Laundering in National andInternational Regulations” made a study of money laundering problems from the legislations of different statesin matters of the prevention and fighting against this phenomenon point of view.The internalization of the economic offences made it possible to obtain new valences of the moneylaundering phenomenon, this becoming a global menace which exceed the national borders.

Preparation of antimicrobial MnO4--doped nylon-66 fibers with excellent laundering durability

Science.gov (United States)

Zhang, Mingxing; Gao, Qianhong; Yang, Chenguang; Pang, Lijuan; Wang, Honglong; Li, Rong; Xing, Zhe; Hu, Jiangtao; Wu, Guozhong

2017-11-01

A highly effective antimicrobial nylon 66 fiber doped with permanganate ions was prepared via a simultaneous irradiation induced graft polymerization. The physicochemical properties of the fibers were carefully characterized by various techniques, including Fourier-transform infrared spectroscopy, scanning electron microscopy, thermogravimetric analysis, and X-ray photoelectron spectroscopy, revealing that permanganate ions (about 1.48 mmol/g) have been successfully loaded onto the surface of the nylon 66 fibers. The antimicrobial activity of the modified nylon 66 fibers against Staphylococcus aureus and Candida albicans were investigated. Accelerated laundering tests and tensile tests were conducted to access the effect of laundering on the antimicrobial activity and the mechanical property of the modified nylon 66 fibers, respectively. All results indicate that we have prepared a new highly effective antimicrobial nylon 66 fiber (almost a 100% reduction in the number of S. aureus and C. albicans colonies). Furthermore, the modified nylon 66 fibers are durable, maintaining antimicrobial resistance after 100 commercial or domestic launderings and retaining its excellent mechanical property during preparation and laundering.

Pola Pencucian Uang Hasil Perdagangan Narkoba dan Pembalakan Liar

OpenAIRE

Lucky Nurhadiyanto

2010-01-01

This research discuss about the distribution and development in money laundering models of drugs trafficking and illegal logging. The distribution in money laundering model of drugs trafficking and illegal logging is divided into three phase, there are placement, layering and integration. The phase includes placing activity of illegal money into finance system, layering them through various finance transaction and integrating the money into legitimate bussines. The trend of that model is base...

Terrorist use of the Internet: exploitation and support through ICT infrastructure

CSIR Research Space (South Africa)

Veerasamy, N

2011-03-01

Full Text Available methods of fundraising are also possible. Electronic money transfer, laundering and generating support through front organisations are all fundraising methods used by terrorists (Goodman, Kirk & Kirk 2007). According to the Financial Action Task Force... agent. This allows terrorist groups to move money around without actually delivering the auctioned goods or services. Online casinos can be used for both laundering and storing money. When dealing with large sums of money, terrorists can place...

Management of bank risks in the system of internal financial monitoring

Directory of Open Access Journals (Sweden)

O.V. Lysenok

2015-09-01

Full Text Available Risk is an integral part of banking activities. That is why there are many researches on definition, measurement and monitoring of banking risks. Nowadays it is important to improve the risk management process of legalization (laundering of proceeds from crime or terrorist financing, especially in the present conditions of socio-economic development. This will improve the quality of financial monitoring in the country as a whole and will reduce the risk of attracting banks to laundering money from crime. The article reviews and examines modern management techniques and risk assessment of laundering proceeds from crime. The authors make suggestions to strengthen the tracking and detection of illegal schemes and appropriate approaches to «launder» criminal money. They also offer an appropriate model to manage the risks which accompany the process of laundering the proceeds from crime. According to the study carried out the authors provide their conclusions and recommendations to improve risk management in the system of internal financial monitoring of banks.

77 FR 41883 - Submission for OMB Review; Comment Request

Science.gov (United States)

2012-07-16

...-0030. Type of Review: Extension without change of a currently approved collection. Title: Anti-Money Laundering Programs for Dealers in Precious Metals, Precious Stones, or Jewels. Abstract: Desires in precious metals, stones, or jewels are required to establish and maintain a written anti-money laundering program...

76 FR 38699 - Agency Information Collection Activities: Proposed Collection; Comments Requested

Science.gov (United States)

2011-07-01

... Forfeiture and Money Laundering Section (AFMLS) will be submitting the following information collection... of Justice sponsoring the collection: Form Number: N/A. Criminal Division, Asset Forfeiture and Money Laundering Section. (4) Affected public who will be asked or required to respond, as well as a brief abstract...

Environmental impacts of detergents and benefits of their recovery in the laundering industry

DEFF Research Database (Denmark)

Giagnorio, Mattia; Amelio, Antonio; Grüttner, Henrik

2017-01-01

a life cycle analysis conducted on different detergents and industrial washing systems. In particular, detergent production, use, and feasible recovery in the laundering industry is evaluated. Detergent production shows wide impact distribution related to the various detergent sources, with a large...... influence on the ecosystem compared to the other impact categories. Calculations of the primary energy demand and the global warming potential reveal the fundamental role of the application of renewable resources in the detergent production phase. The calculated contribution of detergents in the overall......Detergents are important compounds in numerous industrial processes with laundering industry being among their largest consumers. Due to their wide application, detergents are continuously developed to meet higher quality and environmental standards. Following this trend, this study discusses...

De witwasmeldplicht : omvang en handhaving van de witwasmeldplicht voor juridische en fiscale dienstverleners

NARCIS (Netherlands)

Stouten, M.

2012-01-01

The main question of this PhD thesis is whether for legal and fiscal service providers, the Dutch anti-money laundering reporting duty that is based on the Money Laundering and Terrorist Financing Prevention Act[1] (hereafter: Wwft) and its enforcement meet the principles of legal certainty, legal

Vapor detection of trafficking of contraband money: A discussion of technical feasibility

Energy Technology Data Exchange (ETDEWEB)

Dietz, R.N.

1996-02-01

For every two pounds of cocaine smuggled into the US, drug traffikers are being forced to clandestinely ship three pounds of money back out for subsequent laundering. Based on tracer technology developed for validation of long-range atmospheric transport models and other commercial applications, it is shown that US currency can be tagged with a minute amount (about 1 ppm by weight of a bill) of perfluorocharbon tracer (PFT) material that is sufficient to last for about 30 years and yet provide a vapor emission rate suitable for detectability of modest caches of contraband money in vehicles at border crossings, on aircraft at international terminals, and in buildings. The cost of tagging is less than $5 per million bills; the taggant quantity should have no impact on the feel of a bill. The low emission rate would not allow detectability of usual amounts of money in typical scenarios, providing an essential degree of privacy, but extraordinary amounts would be detectable using specialized instrumentation and know-how not easily attainable but commercially in production; an example of sub-part-per-quadrillion detection of a proposed PFT taggant is demonstrated using a prototype commercial unit. An outline of a research and demonstration program to achieve this capability and details of the proposed tagging and detection procedures already indicate that the concept is technically feasible.

PRANJE NOVCA U DOMAĆEM I STRANOM ZAKONODAVSTVU

Directory of Open Access Journals (Sweden)

Davor Iljkic

2015-12-01

Full Text Available The paper presents the money laundering as phenomenon with transnational elements in criminal and legal aspects and the role of Financial Intelligence Unit in prevention and combating money laundering. The basic concepts are defined, money laundering as criminal act in it's all stages, the principles and fundamentals of international regulations analyzed, international legal frame, guidelines and Directives of EU, and the regulatory system in Croatia are covered by statutes and money laundering prevention Regulations is presented. The purchase of shares, of real estate, the establishment of dirty investment fund and the use of the banking system for the embedding of such resources is a danger to the credibility of a whole country and to the security of the financial and banking system. It is crucial to keep up with European approaches and recommendations, to strive for further improvement of the laws and the modernization of the system and harmonization. In such efforts helps anticipations of new aspects criminal problems and its legal solutions countries with long term criminal and legal practices such as German and SAD.

Understanding the wash cycle

OpenAIRE

Paul W. Bauer; Rhoda Ullmann

2000-01-01

Money laundering has gone on since the first crime was committed for profit, but it has been explicitly illegal only since 1986. Interest in this topic soars whenever a major “laundromat” is uncovered. This Economic Commentary describes the money laundering process, summarizes the evolving statutes, and describes the Federal Reserve’s role in assisting in their enforcement

La disciplina anti-riciclaggio in Germania

Directory of Open Access Journals (Sweden)

Verena Zoppei

2016-11-01

Full Text Available Questo testo contribuisce alla discussione sull’efficacia del reato di riciclaggio nel far fronte al fenomeno dell’infiltrazione dei flussi di denaro sporco nell’economia lecita. Sebbene la pratica di nascondere i proventi di reato in modo da evitare la persecuzione giudiziaria risalga a molto tempo addietro, il concetto giuridico di riciclaggio è relativamente recente ed è stato introdotto nei codici penali nella maggior parte del mondo a partire dalla fine degli anni ‘80. Nel frattempo, nonostante le innumerevoli novità introdotte e i cospicui emendamenti che hanno in larga parte espanso il campo di applicazione della normativa, la disciplina anti-riciclaggio è stata oggetto di un dibattito acceso a causa dell’incapacità di impedire il reinvestimento nel processo produttivo dei capitali di provenienza illecita. Questo lavoro propone un approccio critico alla questione dell’efficacia, sulla base di un caso di studio nazionale. Parole chiave: Riciclaggio di denaro sporco; disciplina anti-riciclaggio; Germania; efficacia; flussi di denaro sporco This paper contributes to the discussion on the effectiveness of the money laundering offence in tackling the infiltration of illicit financial flows in the licit economy. Despite the practice of concealing proceeds of crime to avoid prosecution dates back long time, the legal concept of money laundering is relatively recent. It has been introduced in criminal laws from the beginning of the 80ies. So far, the scope of the anti-money laundering regime has been expanded. Yet, the regulations are object of a controversial debate due to their incapacity of impeding the reinvestment of ill-gotten gains into the legitimate economy. This work proposes an alternative approach to the question of the effectiveness, on the basis of a national case study. Keywords: Money laundering - anti-money laundering regime - Germany - effectiveness - illicit financial flows

我が国の金融機関におけるマネー・ローンダリング規制の現状と課題

OpenAIRE

金澤 暢義

2016-01-01

I confirm the international situation of the recent money laundering regulation and identify a reason of the difficulty as the importance. In addition, I consider the financial sanction by U.S. This article considers a present condition and challenge about the regulation of money laundering in the Japanese financial institutions and proposes a part of the solution.【査読有】

New Governors on the Block

DEFF Research Database (Denmark)

Tsingou, Eleni

2018-01-01

Anti-money laundering (AML) activities are part of an institutionalized, global, and increasingly prescriptive regime, covering a growing set of predicate offences. Yet with much of the responsibility for implementation and monitoring at the hands of private actors, compliance professionals within...... financial institutions have become foot soldiers in the fight against money laundering. This paper argues that AML professionals do not only implement and monitor, however, but, to protect their interests, also shape the content of governance. The process is two-fold. First, a professionalization process...... enabling such activities. From that position, the compliance industry has consolidated its role through the development of systematic professional standards and through identifiable skills and expertise as defined by professional associations. Second, anti-money laundering professionals interpret rules...

Al-Qaeda Core: A Case Study

Science.gov (United States)

2017-10-01

23 Wealthy individuals in the Persian Gulf countries who made up the so-called Golden Chain were major benefactors.24 Since 9/11, anti– money ... laundering standards, financial controls, and sanctions imposed by the United Nations and other bodies and countries have helped restrict the flow of at

2007 National Money Laundering Strategy

Science.gov (United States)

2007-03-16

customer authentication techniques “appropriate to those products and services.”9 Accord- ing to HSBC, banks may be forced to restrict online ac...impede the prosecution of 18 USC § 1960 violations. U.S. Attorney’s Offices may be restricted by guidelines that force prosecutors to either...serve as a holding company for intellectual property rights. When franchisees or licens- ees are billed for their use of intellectual property, such

洗錢犯罪與犯罪收益之定義──從United States v. Santos案看美國反洗錢法之新發展 “Proceeds” of Crime in Money Laundering: A New Breakthrough from U.S. v. Santos

Directory of Open Access Journals (Sweden)

林志潔 Chih-Chieh Lin

2014-12-01

Full Text Available 打擊組織型的財經犯罪，為世界各國面臨的重要挑戰。由於此類犯罪往往涉及大量資金移轉，如未能阻止犯罪收益透過洗錢管道漂白，將持續給予犯罪行為人繼續犯罪的誘因，更可能資助後續犯罪的發生。為此，美國國會於1986 年通過洗錢控制法，惟因「犯罪收益」一詞未經定義，而造成各級法院適用上見解分歧。一派認為收益一詞係指扣除犯罪成本後之所得，另一派則認為犯罪收益不應扣除犯罪成本方能有效阻斷不法誘因。本文藉由分析美國聯邦最高法院United States v. Santo 乙案，釐清近期美國洗錢防制法制中因 「犯罪收益」一詞所引發之重大爭議，並對國會後續做出之修法回應予以評述，期能藉此作為我國未來財經犯罪防制之參考。 How to prevent and combat large-scale financial crimes has become the most critical criminal issue in many countries. To combat financial crimes, U.S. Congress passed Money Laundering Control Act of 1986, which prohibits the use of the “proceeds” of criminal activities for various purposes, including engaging in, and conspiring to engage in, transactions intended to promote the carrying on of unlawful activity. However, what “proceeds” mean was undefined in the act. Various interpretations of “proceeds” by the Circuits caused the disorder of law enforcement. This article analyzes the latest issue of the Money Laundering Control Act through analyzing U.S. v. Santos and the following response from the U.S. Congress, and hopes to respond to the challenges of financial crimes in the contemporary Taiwanese society.

KEBIJAKAN PEMIDANAAN KORPORASI DALAM TINDAK PIDANA PENCUCIAN UANG

Directory of Open Access Journals (Sweden)

Sakeus Ginting

2012-10-01

Full Text Available This research aims to analyze the corporation as a legal subject and conviction of the corporation in money laundering. The type of this research is a normative juridical research. Approach to the problem approach with statue approach, analytical and conceptual approach, historical approach and comparative approach. Sources of legal materials used is the primary legal materials and secondary legal materials. Analysis of legal materials be descriptive-analytical, evaluative, interpretive, systematic, comparative and argumetatif. In The Act No. 8 of 2010 concerning Prevention and Eradication of Money Laundry, the Corporation declared as a legal subject that can be held accountable in money laundering. Criminal convictions for corporations may be imposed against the corporation if the criminal offense of money laundering performed or ordered by the personnel control corporation; carried out in order to meet the intent and objectives of the corporation; conducted in accordance with the duties and functions of the perpetrator or the command, and done with the intent to benefit the corporation.

What motivates money donation? A study on external motivators

Directory of Open Access Journals (Sweden)

Nivea Coelho Degasperi

Full Text Available Abstract The objective of this study is to identify external motivating factors that favor individual money donation. Methodologically, we adopted a descriptive and quantitative cross-sectional study. In order to collect data, we prepared a questionnaire containing 49 statements based on external motivating variables of regular individual money donation found in the literature on the subject. After testing the questionnaire, we applied it to 1073 Brazilians, regular money donors and we performed an exploratory factor analysis. Conclusively, we identified 8 external factors that motivate individual money donation: Trust, Reward, Leadership influences, Characteristics of the organization, Environmental influences, Personal benefits, Characteristics of beneficiaries and Future Interests. We expect that these 8 factors combined, could become a useful tool to improve the management of charitable organizations, especially in defining campaigns or other marketing strategies to attract new donors and raise funds on occasions that are favorable to individual money donation.

IMPLEMENTASI PIDANA DENDA DALAM PEMBERANTASAN TINDAK PIDANA PENCUCIAN UANG (Studi Kasus Putusan Pengadilan Negeri Makassar Tahun 2010-2014)

OpenAIRE

ISMI, ATIFATUL

2015-01-01

2015 Atifatul Ismi (B11111414) Implementasi Pidana Denda dalam Pemberantasan Tindak Pidana Pencucian Uang (Studi Kasus Putusan Pengadilan Negeri Makassar Tahun 2010-2014), dibawah bimbingan dan arahan Bapak Andi Sofyan selaku Pembimbing I dan Bapak Amir Ilyas selaku Pembimbing II. Penelitian ini bertujuan mengetahui implementasi pidana denda dalam tindak pidana pencucian uang (money laundering) pada putusan Pengadilan Negeri M...

INTERNATIONALLY LEGAL MEASURES TO COMBAT TERRORIST FINANCING

Directory of Open Access Journals (Sweden)

Yuniarti Yuniarti

2014-09-01

Full Text Available Following the terrorist attacks in the USA on September 11th, 2001, it was discovered that money laundering was a significant source of finance for terrorists. Although, the amount of money that involve is not as involve as in drug and gun trafficking, terrorist financing had been the most important substance to be monitor. Further, various legal measures have been taken internationally in order to combat terrorist financing. This research analyses the legal measures that have been taken internationally and at EU level to combat terrorist financing. Key words: Money Laundering, Terrorist Financing, International Legal measures, EU.

Debate: Money, Money, Money

Directory of Open Access Journals (Sweden)

Nina Ilona Ellinger

2014-09-01

Full Text Available The question: ‘What would be the best way to use ten million dollars?’ leads to many other questions when related to anti-trafficking work. What should the money be spent on? Who should be appointed to spend the money? And, perhaps most importantly, who should be the beneficiaries? In other words, are the ten million dollars to prevent trafficking of people meant for activities to stop smuggling of people, to stop unwanted migrants, or to protect and uphold people’s rights when they move across borders and need to be protected from trafficking? Would the money be best spent on anti-trafficking work, or would it be better spent on strengthening the rights of all migrants to minimise the risk of trafficking?

Endogenous Money Supply and Money Demand

OpenAIRE

Woon Gyu Choi; Seonghwan Oh

2000-01-01

This paper explores the behavior of money demand by explicitly accounting for the money supply endogeneity arising from endogenous monetary policy and financial innovations. Our theoretical analysis indicates that money supply factors matter in the money demand function when the money supply partially responds to money demand. Our empirical results with U.S. data provide strong evidence for the relevance of the policy stance to the demand for MI under a regime in which monetary policy is subs...

Correlation of AATCC Test Method 150 To AATCC Test Method 61 For Use With Laundering Durability Studies of Retroreflective Items As Defined in Purchase Description CO/PD-06-05A

Science.gov (United States)

2017-06-02

endorsed this work under the Warfighter Improved Combat Identification Development project to explore the opportunity for reducing laundering test time and...from the TMET laundering tests. When approval is granted from Product Manager Soldier, Clothing and Individual Equipment (PdM SCIE), IR patch end...1 hour per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and

Underbanked: Cooperative Banking as a Potential Solution to the Marijuana-Banking Problem.

Science.gov (United States)

Tighe, Patrick A

2016-01-01

Numerous states have recently legalized recreational marijuana, which has created a burgeoning marijuana industry needing and demanding access to a variety of banking and financial services. Due, however, to the interplay between the federal criminalization of marijuana and federal anti-money laundering laws, U.S. financial institutions cannot handle legally the proceeds from marijuana activity. As a result, most financial institutions are unwilling to flout federal anti-money laundering laws, and so too few marijuana-related businesses can access banking services. This Note argues that the most viable policy option for resolving this "underbanking" problem is a financial cooperative approach such as a cannabis-only financial cooperative. Even in light of federal anti-money laundering laws, this Note contends that the Federal Reserve is legally authorized to grant some cannabis-only financial cooperatives access to its payment system services under the Monetary Control Act of 1980.

Buffering effect of money priming on negative emotions—An ERP study.

Science.gov (United States)

Ma, Qingguo; Hu, Yue; Pei, Guanxiong; Xiang, Ting

2015-10-08

Recent studies have accumulated evidences that merely reminding people of money could lead to behavioral changes including alleviating both physical pain and social distress. However, the underlying neural mechanism regarding such pain-buffering effect of money is not clear. In this paper, we applied event-related potentials (ERP) to investigate the neural effect of money reminders on induced negative emotions. Subjects were first primed of money images and subsequently viewing unpleasant pictures, while EEG was recorded. Behavioral results suggested a reduced sensitivity to unpleasant pictures after participants being reminded of money. ERP data showed that money priming, compared to neutral priming, generated a larger N2 in frontal and posterior areas, reflecting an endogenous mental conflict and the recruitment of attention resources, and a smaller late positive potential (LPP) in parietal and occipital regions, indicating a regulating process of negative emotions. Additionally, how brain responded to money and neutral stimuli were also examined, indexed by "N170-P2" complex. This study provided additional neurophysiological evidences to support previous behavioral researches on money priming and discussed the two separated neural dynamic stages involved in emotion regulation. Copyright © 2015 Elsevier Ireland Ltd. All rights reserved.

Discount rates in risk versus money and money versus money tradeoffs.

Science.gov (United States)

Alberini, Anna; Chiabai, Aline

2007-04-01

We use data from a survey of residents of five Italian cities conducted in late spring 2004 to estimate the discount rates implicit in (1) money versus future risk reductions and (2) money versus money tradeoffs. We find that the mean personal discount rate is 0.3-1.7% in (1) and 8.7% in (2). The latter is lower than the discount rates estimated in comparable situations in many recent studies, greater than market interest rates in Italy at the time, and exhibits modest variation with age and gender. The discount rate implicit in money versus risk tradeoffs is within the range of estimates from studies in the United States and Europe, and does not depend on observable individual characteristics. We use split samples to investigate whether a completely abstract risk reduction - one where the risk reduction delivery has been stripped of all specifics, so that respondents should focus on the risks without being distracted by details - results in WTP and discount figures comparable to those from an identified delivery mechanism (a medical test). We find that while WTP for an immediate risk reduction is 42-73% higher with the abstract risk reduction, the discount rate in the money versus risk tradeoffs and the variance of the error term in the WTP equation are the same across the two variants of the questionnaire.

31 CFR 103.186 - Special measures against Burma.

Science.gov (United States)

2010-07-01

... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Special measures against Burma. 103.186 Section 103.186 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering Programs Law Enforcement...

Big Money: The Effect of Money Size on Value Perceptions and Saving Motivation.

Science.gov (United States)

Peetz, Johanna; Soliman, Monica

2016-01-28

Motivated perception has been shown to affect people's estimates of money (e.g., perceiving coins as larger than real size). In the present research, we examine whether simply varying the size of a picture of money can affect its perceived value and subsequent decisions. Participants presented with a picture of money enlarged by 15% perceived the depicted money as more valuable compared with those seeing a real-size picture (Study 1). When told to imagine their own cash and banked money in the depicted form, participants presented with a picture enlarged by 15% felt more subjectively wealthy and reported fewer intentions to conserve their money compared with those seeing a real-size picture of the same money (Study 2). Together, these studies suggest that judgments about money and even attitudes toward personal spending can be influenced by manipulating the size of a picture of money. © The Author(s) 2016.

Paper Money Value Change: Comparative Banking Fiqhiyyah Study

Directory of Open Access Journals (Sweden)

Hamzah Abdul Karim Hamid

2015-10-01

Full Text Available This article considered one of the significant issues in Islamic financial fiqh because it bears a close relation to financial commitment. Many fiqh treatments from a Sharia perspective were found in Islamic ancient fiqh. This issue was apparent in Islamic banks investment especially in murabahah. The study concludes that it is a must who owes amount of money and its value changes to high or low to pay the value of money then, and not the actual amount. Furthermore, it shows that the treatment of fluctuations in money value comes by linking its value with some indicators, including stable currency and the linkage to gold or silver.DOI: 10.15408/aiq.v5i1.2115

Systematic investigation of drip stains on apparel fabrics: The effects of prior-laundering, fibre content and fabric structure on final stain appearance.

Science.gov (United States)

de Castro, Therese C; Taylor, Michael C; Kieser, Jules A; Carr, Debra J; Duncan, W

2015-05-01

Bloodstain pattern analysis is the investigation of blood deposited at crime scenes and the interpretation of that pattern. The surface that the blood gets deposited onto could distort the appearance of the bloodstain. The interaction of blood and apparel fabrics is in its infancy, but the interaction of liquids and apparel fabrics has been well documented and investigated in the field of textile science (e.g. the processes of wetting and wicking of fluids on fibres, yarns and fabrics). A systematic study on the final appearance of drip stains on torso apparel fabrics (100% cotton plain woven, 100% polyester plain woven, blend of polyester and cotton plain woven and 100% cotton single jersey knit) that had been laundered for six, 26 and 52 cycles prior to testing was investigated in the paper. The relationship between drop velocity (1.66±0.50m/s, 4.07±0.03m/s, 5.34±0.18m/s) and the stain characteristics (parent stain area, axes 1 and 2 and number of satellite stains) for each fabric was examined using analysis of variance. The experimental design and effect of storing blood were investigated on a reference sample, which indicated that the day (up to five days) at which the drops were generated did not affect the bloodstain. The effect of prior-laundering (six, 26 and 52 laundering cycles), fibre content (cotton vs. polyester vs. blend) and fabric structure (plain woven vs. single jersey knit) on the final appearance of the bloodstain were investigated. Distortion in the bloodstains produced on non-laundered fabrics indicated the importance of laundering fabrics to remove finishing treatments before conducting bloodstain experiments. For laundered fabrics, both the cotton fabrics and the blend had a circular to oval stain appearance, while the polyester fabric had a circular appearance with evidence of spread along the warp and weft yarns, which resulted in square-like stains at the lowest drop velocity. A significant (pfibre content (pfibres/yarns, while for the

Penanggulangan Kejahatan Trafficking Melalui Undang-Undang Pencegahan Dan Pemberantasan Tindak Pidana Pencucian Uang

OpenAIRE

Girsang, Hotlarisda

2011-01-01

Setting money laundering as criminal act is the base for the law enforcement to expropriate the proceeds of crime during this common law can not confiscate the proceeds of crime because of the difficulty to track the presence of the crime or even the proceeds of crime has been transferred to third countries. Money laundering activities can do through to the stages of placement, transfer, and using property (integration). The principles of tracing proceeds of crime in order to obtain the c...

31 CFR 103.64 - Special rules for casinos.

Science.gov (United States)

2010-07-01

... money laundering and terrorist financing risks posed by the products and services provided by the casino... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Special rules for casinos. 103.64 Section 103.64 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL...

31 CFR 103.18 - Reports by banks of suspicious transactions.

Science.gov (United States)

2010-07-01

... violations that require immediate attention, such as, for example, ongoing money laundering schemes, the bank... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Reports by banks of suspicious transactions. 103.18 Section 103.18 Money and Finance: Treasury Regulations Relating to Money and Finance...

TITLE COMPLIANCE FUNCTION AUDIT IN COMMERCIAL BANKS

Directory of Open Access Journals (Sweden)

Marian Sabin Constantin

2016-12-01

Full Text Available The goal of this paper is to investigate the mechanisms implemented by the banking system to combat money laundering and terrorism, on the background of the increase in the volume of financial transactions. Starting from the variety of mechanisms and forms of money laundering and from the increase interest of the states in combating related crimes, institutions specializing in combating this phenomenon were created at intergovernmental level. The banking system as a whole is interested in combating the phenomenon given the distortions that can be generated by a generalized context of fraud, corruption and money laundering, substantiated in damaging the credibility of the financial institutions with which it enters a business relationship, to the extent where it is impossible to determine the currency necessary based on the demand of the real economy. In this context, the investigation of the mechanisms implemented by banking institutions with the purpose of identifying and blocking suspicions transactions is of special interest.

Paper Money Value Change: Comparative Banking Fiqhiyyah Study

Directory of Open Access Journals (Sweden)

Hamzah Abdu Karim

2015-10-01

Full Text Available This article considered one of the significant issues in Islamicfinancial fiqh because it bears a close relation to financial commitment. Many fiqh treatments from a Sharia perspective were found in Islamic ancient fiqh. This issue was apparent in Islamic banks investment especially in murâbahah. The study concludes that it is a must who owes amount of money and its value changes to high or low to pay the value of money then,and not the actual amount. Furthermore, it shows that the  treatment of fluctuations in money value comes by linking its value with some indicators, including stable currency and the linkage to gold or silverDOI: 10.15408/aiq.v5i1.2561

When Love Meets Money: Priming the Possession of Money Influences Mating Strategies.

Science.gov (United States)

Li, Yi Ming; Li, Jian; Chan, Darius K-S; Zhang, Bo

2016-01-01

Money is an important factor that influences the development of romantic relationships. The current paper examines how the feeling of having relatively more or less money influences human mating strategies in long-term and short-term mating contexts under the framework of evolutionary psychology. We recruited mainland Chinese college students involved in steady, heterosexual romantic relationships to participate in two experiments. In each study, we experimentally triggered participants' feelings of having relatively more or less money and then examined their thoughts and behaviors related to mating. Results of Study 1 showed that men who were primed to feel that they had relatively more money were less satisfied with their partners' physical attractiveness than those primed to feel that they had less money, suggesting that the subjective feeling of having more or less money may affect men's preferences regarding the physical appearance of a mate in a long-term relationship. Interestingly, this difference was not significant for women. Results of Study 2 indicated that both men and women who were primed to feel that they had relatively more money exhibited a greater "behavioral approach tendency" toward an attractive member of the opposite sex than those primed to feel that they had less money. This finding suggests that people who feel they have relatively more money may have more interest in an attractive alternative than those who feel they have relatively less money. The differences in mating strategies between and within the genders brought about by money support the evolutionary hypothesis that individuals adopt conditional mating strategies in response to environmental conditions. Additionally, the results of experimental studies provide evidence for the causal effects of money on mating strategies. These findings have both conceptual and practical implications for the psychology of evolution and romantic relationships.

When Love Meets Money: Priming the Possession of Money Influences Mating Strategies

Science.gov (United States)

Li, Yi Ming; Li, Jian; Chan, Darius K.-S.; Zhang, Bo

2016-01-01

Money is an important factor that influences the development of romantic relationships. The current paper examines how the feeling of having relatively more or less money influences human mating strategies in long-term and short-term mating contexts under the framework of evolutionary psychology. We recruited mainland Chinese college students involved in steady, heterosexual romantic relationships to participate in two experiments. In each study, we experimentally triggered participants' feelings of having relatively more or less money and then examined their thoughts and behaviors related to mating. Results of Study 1 showed that men who were primed to feel that they had relatively more money were less satisfied with their partners' physical attractiveness than those primed to feel that they had less money, suggesting that the subjective feeling of having more or less money may affect men's preferences regarding the physical appearance of a mate in a long-term relationship. Interestingly, this difference was not significant for women. Results of Study 2 indicated that both men and women who were primed to feel that they had relatively more money exhibited a greater “behavioral approach tendency” toward an attractive member of the opposite sex than those primed to feel that they had less money. This finding suggests that people who feel they have relatively more money may have more interest in an attractive alternative than those who feel they have relatively less money. The differences in mating strategies between and within the genders brought about by money support the evolutionary hypothesis that individuals adopt conditional mating strategies in response to environmental conditions. Additionally, the results of experimental studies provide evidence for the causal effects of money on mating strategies. These findings have both conceptual and practical implications for the psychology of evolution and romantic relationships. PMID:27047415

The role of financial intermediaries in the legalization of proceeds from crime

Directory of Open Access Journals (Sweden)

Gobrusenko K. I.

2017-12-01

Full Text Available the article is about the problem of the participation of professional financial intermediaries in the legalization (laundering of proceeds from crime, and considers legislative measures of regulating the activity of such intermediaries and methods for identifying organizations that laundering money on a professional basis.

Saving Money or Spending Tomorrow's Money

Institute of Scientific and Technical Information of China (English)

罗芳梅

2017-01-01

Chinese are normally believed to be thrifty.However,economic development has had a tremendous impact upon Chinese society,uprooting the long-engraved ideas.With the emergence of the credit cards,spending tomorrow's money becomes a reality.In this way,people are in dilemma:saving money or spending tomorrow's money.Firstly,this paper focuses on the benefits of spending tomorrow's money.Secondly,it shows that spending tomorrow's money is confronted with many challenges.Finally,the paper comes up with some suggestions to solve these problems.

31 CFR 103.90 - Definitions.

Science.gov (United States)

2010-07-01

... definitions apply: (a) Money laundering means an activity criminalized by 18 U.S.C. 1956 or 1957, or an... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Definitions. 103.90 Section 103.90 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL RECORDKEEPING AND...

31 CFR 103.15 - Reports by mutual funds of suspicious transactions.

Science.gov (United States)

2010-07-01

... suspected terrorist financing or ongoing money laundering schemes, a mutual fund shall immediately notify by... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Reports by mutual funds of suspicious transactions. 103.15 Section 103.15 Money and Finance: Treasury Regulations Relating to Money and Finance...

Drycleaning and Laundering: A Suggested Program Guide. Fashion Industry Series No. 5.

Science.gov (United States)

Fashion Inst. of Tech., New York, NY.

The drycleaning and laundering guide is the last of a series of five interrelated program resource guides encompassing the various dimensions of the fashion industry. The job-preparatory guide is intended to provide youth and adults with intensive preparation for initial entry employment and also with career advancement opportunities within…

Stopping Illicit Procurement: Lessons from Global Finance

Energy Technology Data Exchange (ETDEWEB)

Hund, Gretchen; Kurzrok, Andrew J.

2014-06-19

Government regulators and the financial sector cooperate to combat money laundering and terrorist financing. This information-sharing relationship is built upon a strong legislative foundation and effective operational procedures. As with money-laundering and terrorist financing, halting the illicit procurement of dual-use commodities requires close coordination between government and industry. However, many of the legal and operational features present in financial threat cooperation do not exist in the export control realm. This article analyzes the applicability of financial industry cooperative measures to nonproliferation.

IS CAPITAL LAUNDERING POSSIBLE THROUGH FRAUDULENT USE OF FIDUCIARY AGREEMENT BY TRUST/FIDUCIARY COMPANIES?

Directory of Open Access Journals (Sweden)

Andreea Corina Târșia

2015-11-01

holistic approach based on risk and identifying mechanisms, situations, facts related to money laundering in order to obtain legal arguments to determine in the future the adoption of an effective national legislation, corresponding to the requirements of the European Union law and in particular to those set out in the (EU Directive 2015/8492 and to those that ensure the international cooperation instruments in the protection of the capital market.

The Meaning of Money Revisited: The Development of the Money Ethic Scale.

Science.gov (United States)

Tang, Thomas Li-Ping

Despite the fact that money is important in everyday life, there is a dearth of empirical material and research concerning the meaning of money and people's attitudes towards money in the psychological literature. This study examined the underlying concepts or beliefs people hold about money and the extent to which different needs can be fulfilled…

Terrorism Base Potential in the Tri-Border Area of Latin America

National Research Council Canada - National Science Library

Halaburda, Pablo

2006-01-01

.... It has always been considered fertile ground for terrorist groups. Illicit activities are common, generating annually billions of dollars in money laundering, arms and drug trafficking, money and document forgery, and electronic media counterfeiting...

The theory of money supply: a case study

OpenAIRE

Taylor, Leon

2014-01-01

The theory of money supply is less developed than that of money demand, largely because 19th-century economists believed that money was unimportant and because they viewed the central bank as either an appendage to the economy or as a welfare-maximizing black box. The paper reviews each of these beliefs in turn.

When Love Meets Money: Priming the Possession of Money Influences Mating Strategies

Directory of Open Access Journals (Sweden)

Yi Ming eLi

2016-03-01

Full Text Available Money is an important factor that influences the development of romantic relationships. The current paper examines how the feeling of having relatively more or less money influences human mating strategies in long-term and short-term mating contexts under the framework of evolutionary psychology. We recruited mainland Chinese college students involved in steady, heterosexual romantic relationships to participate in two experiments. In each study, we experimentally triggered participants’ feelings of having relatively more or less money and then examined their thoughts and behaviors related to mating. Results of Study 1 showed that men who were primed to feel that they had relatively more money were less satisfied with their partners’ physical attractiveness than those primed to feel that they had less money, suggesting that the subjective feeling of having more or less money may affect men’s preferences regarding the physical appearance of a mate in a long-term relationship. Interestingly, this difference was not significant for women. Results of Study 2 indicated that both men and women who were primed to feel that they had relatively more money exhibited a greater behavioral approach tendency toward an attractive member of the opposite sex than those primed to feel that they had less money. This finding suggests that people who feel they have relatively more money may have more interest in an attractive alternative than those who feel they have relatively less money. The differences in mating strategies between and within the genders brought about by money support the evolutionary hypothesis that individuals adopt conditional mating strategies in response to environmental conditions. These findings have both conceptual and practical implications for the psychology of evolution and romantic relationships.

31 CFR Appendix B to Subpart I of... - Recertification Regarding Correspodent Accounts for Foreign Banks

Science.gov (United States)

2010-07-01

... Correspodent Accounts for Foreign Banks B Appendix B to Subpart I of Part 103 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering Programs Pt. 103, Subpt. I, App. B Appendix B to Subpart I of Part 103...

31 CFR Appendix A to Subpart I of... - Certification Regarding Correspondent Accounts for Foreign Banks

Science.gov (United States)

2010-07-01

... Accounts for Foreign Banks A Appendix A to Subpart I of Part 103 Money and Finance: Treasury Regulations Relating to Money and Finance FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS Anti-Money Laundering Programs Pt. 103, Subpt. I, App. A Appendix A to Subpart I of Part 103...

Making Money from Making Money

OpenAIRE

Macfarlane, Laurie; Ryan-Collins, Josh; Bjerg, Ole; Nielsen, Rasmus; McCann, Duncan

2017-01-01

Who has control over the supply of new money and what benefits does it bring? There is now widespread acceptance that in modern economies, commercial banks, rather than the central bank or state, create the majority of the money supply. This report examines ‘seigniorage’ – the profits that are generated through the creation of money. We show that in the UK, commercial bank seigniorage profits amount to a hidden annual subsidy of £23 billion, representing 73% of banks’ profits after prov...

Challenges of introducing and implementing mobile payments : A Qualitative study of the Swedish mobile payment application WyWallet

OpenAIRE

Andersson, Lovisa

2016-01-01

Citizens of Sweden are now facing a large shift in their habits of managing money transferring using mobile phones. They are now forced to use an application called WyWallet when making purchases with cell-phones. WyWallet is an application based on a new EU-directive that has led to a law concerning the new payment service act that wants to prevent money laundering and terrorist financing. This has led to a lot of consequences for the citizens and also other agencies relying on donations via...

Prevalence of β-lactamase genes in domestic washing machines and dishwashers and the impact of laundering processes on antibiotic-resistant bacteria.

Science.gov (United States)

Rehberg, L; Frontzek, A; Melhus, Å; Bockmühl, D P

2017-12-01

To investigate the prevalence of β-lactamase genes in domestic washing machines and dishwashers, and the decontamination efficacy of laundering. For the first investigation, swab samples from washing machines (n = 29) and dishwashers (n = 24) were analysed by real-time quantitative PCR to detect genes encoding β-lactamases. To test the impact of laundering on resistant bacteria, cotton test swatches were artificially contaminated with susceptible and resistant strains of Pseudomonas aeruginosa, Klebsiella pneumoniae and Staphylococcus aureus within a second investigation. They were washed in a domestic washing machine with or without activated oxygen bleach (AOB)-containing detergent at 20-50°C. β-Lactamase genes (most commonly of the AmpC- and OXA-type) were detected in 79% of the washing machines and in 96% of the dishwashers and Pseudomonadaceae dominated the microbiota. The level of bacterial reduction after laundering was ≥80% for all Ps. aeruginosa and Kl. pneumoniae strains, while it was only 37-61% for the methicillin-resistant Staph. aureus outbreak strain. In general, the reduction was tendentially higher for susceptible bacteria than for the resistant outbreak strains, especially for Staph. aureus. β-Lactamase genes seem to be frequently present in domestic appliances and may pose a potential risk for cross-contamination and horizontal transfer of genes encoding resistance against clinically important β-lactams. In general, higher temperatures and the use of AOB can improve the reduction of antibiotic-resistant bacteria, including Staph. aureus which appears to be less susceptible to the decontamination effect of laundering. Data on the presence of antibiotic-resistant bacteria in the domestic environment are limited. This study suggests that β-lactamase genes in washing machines and dishwashers are frequent, and that antibiotic-resistant strains are generally more resistant to the used washing conditions. © 2017 The Society for

Making Money from Making Money

DEFF Research Database (Denmark)

Macfarlane, Laurie; Ryan-Collins, Josh; Bjerg, Ole

Who has control over the supply of new money and what benefits does it bring? There is now widespread acceptance that in modern economies, commercial banks, rather than the central bank or state, create the majority of the money supply. This report examines ‘seigniorage’ – the profits...... that are generated through the creation of money. We show that in the UK, commercial bank seigniorage profits amount to a hidden annual subsidy of £23 billion, representing 73% of banks’ profits after provisions and taxes....

College Students Discount Money "Won" More than Money "Owed"

Science.gov (United States)

Weatherly, Jeffrey N.; Derenne, Adam; Terrell, Heather K.

2010-01-01

Evidence in the research literature indicates people may treat "won" money differently than they would their own money. The present study had a sample of 648 college students complete a delay-discounting task that involved the hypothetical monetary amounts of $1,000 or $100,000. Participants were asked repeatedly what amount they would…

Transnational Challenges and U.S. National Security: Defining and Prioritizing Borderless Threats

Science.gov (United States)

2017-11-01

gangs; piracy; money laundering , fraud, and extortion; illicit networks; intellectual property theft Terrorism / Violent Extremism The use of...example: Terrorist organizations can conduct business with criminal organizations to raise money for their cause. One area in which this can happen is

Aggregate Uncertainty, Money and Banking

OpenAIRE

Hongfei Sun

2006-01-01

This paper studies the problem of monitoring the monitor in a model of money and banking with aggregate uncertainty. It shows that when inside money is required as a means of bank loan repayment, a market of inside money is entailed at the repayment stage and generates information-revealing prices that perfectly discipline the bank. The incentive problem of a bank is costlessly overcome simply by involving inside money in repayment. Inside money distinguishes itself from outside money by its ...

The Meaning of Money: The Measurement and Dimensionality of the Money Ethic Scale.

Science.gov (United States)

Tang, Thomas Li-Ping; Kim, Jwa K.

Money has been recognized as an important factor to attract, retain, and motivate employees and has significant impacts on people's behavior, performance, and effectiveness in organizations. Created to evaluate the validity of the Money Ethic Scale, this study investigates the measurement and dimensionality of money attitudes through…

Disordered Money Behaviors: Development of the Klontz Money Behavior Inventory

Directory of Open Access Journals (Sweden)

Brad T Klontz

2012-06-01

Full Text Available Much of the existing literature on financial behavior focuses on basic money management tasks (e.g., balancing a checkbook. However, it can be equally important to identify problematic financial behaviors that can sabotage one’s financial health. The purpose of this study was to create an assessment tool that can be used by mental health and financial professionals to identify disordered money behaviors that may impede on progress towards one’s financial goals. This study asked 422 respondents to indicate their agreement with disordered money behaviors, including compulsive buying, pathological gambling, compulsive hoarding, workaholism, financial enabling, financial dependence, financial denial, and financial enmeshment, which were correlated with demographic characteristics and financial outcomes. The results identified eight subscales derived from 68 disordered money behavior items. All eight subscales were found to have high reliability in measuring disordered behaviors, and six were associated with negative financial health indicators (e.g. less net worth, less income, and/or more revolving credit.

77 FR 70545 - Financial Crimes Enforcement Network; Proposed Collection; Comment Request; Renewal without...

Science.gov (United States)

2012-11-26

... Institutions), 1506-0006 (Casinos and Card Clubs), 1506-0015 (Money Services Business), 1506-0019 (Securities... usefulness in criminal, tax, and regulatory matters, or in the conduct of intelligence or counter-intelligence activities, to protect against international terrorism, and to implement anti-money laundering...

Money Creation and Destruction

OpenAIRE

Faure, Salomon; Gersbach, Hans

2017-01-01

We study money creation and destruction in today’s monetary architecture and examine the impact of monetary policy and capital regulation in a general equilibrium setting. There are two types of money created and destructed: bank deposits, when banks grant loans to firms or to other banks and central bank money, when the central bank grants loans to private banks. We show that equilibria yield the first-best level of money creation and lending when prices are flexible, regardless of the monet...

The symbolic power of money: reminders of money alter social distress and physical pain.

Science.gov (United States)

Zhou, Xinyue; Vohs, Kathleen D; Baumeister, Roy F

2009-06-01

People often get what they want from the social system, and that process is aided by social popularity or by having money. Money can thus possibly substitute for social acceptance in conferring the ability to obtain benefits from the social system. Moreover, past work has suggested that responses to physical pain and social distress share common underlying mechanisms. Six studies tested relationships among reminders of money, social exclusion, and physical pain. Interpersonal rejection and physical pain caused desire for money to increase. Handling money (compared with handling paper) reduced distress over social exclusion and diminished the physical pain of immersion in hot water. Being reminded of having spent money, however, intensified both social distress and physical pain.

Hit them where it hurts most; the proceeds-of-crime approach in the Netherlands

NARCIS (Netherlands)

Nelen, J.M.

2004-01-01

During the last decade, throughout the world, more emphasis has been put on financial instruments in order to control and prevent money laundering, organised crime (and more recently) terrorism. In most democratic countries, follow-the money-methods have been developed, and legislation has been

TAX HAVENS AND THE MONEY LAUNDERING PHENOMENON

OpenAIRE

STEFAN MIHU

2011-01-01

By using tax havens, the multinational companies are able to exercise an efficient fiscal management that covers also the area of the repatriation of the dividends in foreign currency. The choice of whether or not to use a fiscal paradise resides in the desire of the maximum avoidance of the fiscal burden. The option of investing in a fiscal paradise is based on an economic efficiency calculus named in the speciality literature “option pricing”. It refers to the total material profit obtained...

Money talks? An experimental investigation of cheap talk and burned money

NARCIS (Netherlands)

de Haan, T.; Offerman, T.; Sloof, R.

2015-01-01

We experimentally study the strategic transmission of information in a setting where both cheap talk and money can be used. Theoretically, many equilibria exist side by side, in which senders use either costless messages, money, or both. We find that senders prefer to communicate through costless

E Pluribus Analysis: Applying a Superforecasting Methodology to the Detection of Homegrown Violence

Science.gov (United States)

2018-03-01

act of violence is not supported with other predicate crimes such as money laundering , arms trafficking, possession of banned substances, or other...apparatuses, do not rely on elaborate support networks or detectable money trails, and often select targets that are difficult to anticipate and defend. In

Money talks? An experimental investigation of cheap talk and burned money

NARCIS (Netherlands)

de Haan, T.; Offerman, T.; Sloof, R.

2011-01-01

We experimentally study the strategic transmission of information in a setting where both cheap talk and money can be used for communication purposes. Theoretically a large number of equilibria exist side by side, in which senders either use costless messages, money, or a combination of the two. We

Money talks? An experimental investigation of cheap talk and burned money

NARCIS (Netherlands)

de Haan, T.; Offerman, T.; Sloof, R.

2012-01-01

We experimentally study the strategic transmission of information in a setting where both cheap talk and money can be used for communication purposes. Theoretically a large number of equilibria exist side by side, in which senders either use costless messages, money, or a combination of the two. We

Does parental job insecurity matter? Money anxiety, money motives, and work motivation.

Science.gov (United States)

Lim, Vivien K G; Sng, Qing Si

2006-09-01

A structural model focusing on the spillover effect of parental perceived job insecurity on money anxiety was developed and tested. The crossover effect of parents' money anxiety on their children's money anxiety, money motives, and motivation to work was also examined. Data were collected from a sample of undergraduates and their parents. Results of structural equation modeling analyses supported a spillover effect of paternal perceived job insecurity on paternal money anxiety. However, maternal perceived job insecurity was not significantly associated with maternal money anxiety. Results also supported a crossover effect of parental money anxiety on youths' money anxiety. Youths' money anxiety was significantly related to youths' negative money motives. In turn, youths' negative money motives were associated with their intrinsic motivation to work. Implications of the findings are discussed. (c) 2006 APA, all rights reserved

Decision Model for U.S.- Mexico Border Security Measures

Science.gov (United States)

2017-09-01

missions that the I&A focuses on is, “border security, including narcotics smuggling, alien and human smuggling, and money laundering ...and money assigned to border security investments. 14. SUBJECT TERMS Department of Homeland Security (DHS), border security, U.S.–Mexico border...and money assigned to border security investments. vi THIS PAGE INTENTIONALLY LEFT BLANK vii TABLE OF CONTENTS I. INTRODUCTION

Itinerancy of money

Science.gov (United States)

Yasutomi, Ayumu

2003-09-01

Previously, I studied [Physica D 82, 180-194 (1995)] the emergence and collapse of money in a computer simulation model. In this paper I will revisit the same topic, building a model in the same line. I discuss this problem from the viewpoint of chaotic itinerancy. Money is the most popular system for evading the difficulty of exchange under division of labor. It emerges autonomously from exchanges among selfish agents which behave as automata. And such emergent money collapses autonomously. I describe money as a structure in economic space, explaining its autonomous emergence and collapse as two phases of the same phenomenon. The key element in this phenomenon is the switch of the meaning of strategies. This is caused by the drastic change of environment caused by the emergence of a structure. This dynamics shares some aspects with chaotic itinerancy.

Money neutrality: Rethinking the myth

Directory of Open Access Journals (Sweden)

Issaoui Fakhri

2015-01-01

Full Text Available Considered as an axiomatic basis of classical, neoclassical, and monetarist theories, the long-run money neutrality assumption does not always seem to be verified. Indeed, in our view, the money, in the sense of M2, can constitute a long-run channel of growth transmission. Thus, this paper examines the long-term relationship among money supply (M2, income (GDP, and prices (CPI. The subprime crisis in 2007 has shown that the demand for money does not only meet motives of transaction, precaution, and speculation but also of fictional or quasi-fictional future demands due to the fact that they are created without real counterparts. The capacity of production systems in developed countries to respond to increases in money supply by creating more wealth, involves the assumption of money neutrality in the long-run. However, in developing countries, the excess of money supply may lead to inflation trends. The present study has confirmed the long-term non-neutrality of money supply in the USA, and its neutrality in Gabon and Morocco.

THE ORIGINS AND NATURE OF MONEY

Directory of Open Access Journals (Sweden)

Mihaela IAVORSCHI

2014-06-01

Full Text Available The importance of money and the role they hold in the economy can be seen as the keystone of economic life. For a better understanding of the essence of the monetary phenomena it is especially important to turn to history and see how money was born. By turning to their origins, we discover the real fundaments of monetary issues. Only after such a systematic analysis we will be able to suggest the appropriate solutions for the current monetary issues. Therefore, in this study I will research the origin of money and their functionality on the market.The aim of this paper is to analyse the origin of money as a social institution. The appearance and use of money has prehistoric roots. People have turned to the usage of money out of need to facilitate trade. During thousands of years money has known different forms going from money as merchandise, to coins and later to paper money and electronic currency. In this study I have analysed the role of natural money, as well as their production and functionality on the market. The main questionto be answered is whether the production and functionality of paper money nowadays is the consequence of the free market, having the Austrian’s School liberal perspective as a starting point. This methodological approach demonstrates that money is and will remain a social institution and the implication of the authorities in the currency issuing, even from ancient times, has caused distortions in the economic activity.

THE GENERATING AND COMPLEMENTARY EFFECTS OF THE UNDERGROUND ECONOMY PHENOMENON

Directory of Open Access Journals (Sweden)

Corneliu Sorin BAICU

2016-12-01

Full Text Available For a comprehensive understanding of the informal sector, an analysis addressing the relationships and links between the morphology and etiology of the underground economy, on the one hand, and its effects on the economic, social or legal, on the other hand is required. The double identity, that of cause phenomenon and effect phenomenon, that the underground economy has, gives it a special status in explaining certain phenomena which vitiates the economic and social life. The generating and complementary effects of the underground area covered in this study are analyzed in terms of the following vectors of analysis: tax evasion, illegal work and money laundering. Tax evasion represents the central core of the underground economy and faithfully expresses the fiscal monetary policies ,the fiscal mortality and the degree of compliance of the taxpayer. Undeclared work is an indicator of the labor market in the informal economy and is a good barometer for analyzing the demand and supply of labor in the visible economy. Money laundering defines the level of economic and financial crime and reflects the level of illegal use of capital on the black market. Tax evasion, money laundering and illegal work can only develop on a framework provided by illicit markets for goods, services and labor. Beyond the, unidirectional or bidirectional relationships between phenomena, the paper consists in a plea for an interdependent, multi-causal analysis of the phenomena and operating mechanisms of the relationships within and outside the underground economy.

Pattern of Demand For Money

Directory of Open Access Journals (Sweden)

Ahmad Berlian

2017-12-01

Full Text Available In the activity of the modern economy, the availability of money as a means of transaction is very important, because with the money as a means to pay consumers can easily to get the basic material needs are required, the manufacturer can provide the raw materials of labor for production, and distributors can obtain a variety of merchandise to be delivered at the end consumer. The pattern of use of money is influenced by the attitude of the public in the transaction. Researchers assume, that there are differences among communities, either by group differences in income, educational differences, ethnic differences, differences in profession, and perhaps even religious differences embraced. So as to provide information to the monetary authorities, to enrich the theory of demand for money based economic agents in Indonesia, and for the application of the theory of demand for money, the researchers felt the need to study patterns of use of money. Qualitative research, in addition to knowing whether the variables that affect the demand for money as the above theory is still relevant for economic actors in Indonesia at this time, or even are new variables, as well as the motive of money demand. Keywords: Demand for money, Keynes Theory, qualitative method

Mapping Criminal Governance in African Cities | IDRC ...

International Development Research Centre (IDRC) Digital Library (Canada)

Mapping Criminal Governance in African Cities. This grant will allow the Institute for Security Studies (ISS), through its Organized Crime and Money Laundering Programme (OCML), to explore the causal links between weak state authority and the emergence of criminal governance ... Profile of crime markets in Dakar.

"Show me the money": vulnerability to gambling moderates the attractiveness of money versus suspense.

Science.gov (United States)

Hahn, Cheryl; Wilson, Timothy D; McRae, Kaichen; Gilbert, Daniel T

2013-10-01

Do people take risks to obtain rewards or experience suspense? We hypothesized that people vulnerable to gambling are motivated more by the allure of winning money whereas people less vulnerable to gambling are motivated more by the allure of suspense. Consistent with this hypothesis, participants with high scores on a subscale of the Gambling Attitudes and Beliefs Survey--a measure of vulnerability to gambling--reported more of a motivation to earn money (pilot study), were more likely to accept a certain or near-certain amount of money than to gamble for that same amount (Studies 1-2), and worked harder to earn money (Study 3). People vulnerable to gambling also made more accurate predictions about how much they would gamble. People less vulnerable to gambling, in contrast, gambled more than people vulnerable to gambling, but did not know that they would.

Money Creation in a Random Matching Model

OpenAIRE

Alexei Deviatov

2006-01-01

I study money creation in versions of the Trejos-Wright (1995) and Shi (1995) models with indivisible money and individual holdings bounded at two units. I work with the same class of policies as in Deviatov and Wallace (2001), who study money creation in that model. However, I consider an alternative notion of implementability–the ex ante pairwise core. I compute a set of numerical examples to determine whether money creation is beneficial. I find beneficial e?ects of money creation if indiv...

Exchanging the liquidity hypothesis: Delay discounting of money and self-relevant non-money rewards.

Science.gov (United States)

Stuppy-Sullivan, Allison M; Tormohlen, Kayla N; Yi, Richard

2016-01-01

Evidence that primary rewards (e.g., food and drugs of abuse) are discounted more than money is frequently attributed to money's high degree of liquidity, or exchangeability for many commodities. The present study provides some evidence against this liquidity hypothesis by contrasting delay discounting of monetary rewards (liquid) and non-monetary commodities (non-liquid) that are self-relevant and utility-matched. Ninety-seven (97) undergraduate students initially completed a conventional binary-choice delay discounting of money task. Participants returned one week later and completed a self-relevant commodity delay discounting task. Both conventional hypothesis testing and more-conservative tests of statistical equivalence revealed correspondence in rate of delay discounting of money and self-relevant commodities, and in one magnitude condition, less discounting for the latter. The present results indicate that liquidity of money cannot fully account for the lower rate of delay discounting compared to non-money rewards. Copyright © 2015 Elsevier B.V. All rights reserved.

Multiplying Money

Directory of Open Access Journals (Sweden)

Garry Jacobs

2013-05-01

Full Text Available This article is not a comprehensive factual history of money as an economic instrument. It aims rather to present an essential psychological history of the power of money as a social organization or social technology. It explores the catalytic role of money in the development of society and its ever-increasing capacity for accomplishment in both economic and non-economic fields. This perspective focuses attention on the unutilized potential for harnessing the social power of money for promoting full employment, global development and human welfare. The title ‘multiplying money’ is intended to convey the idea that this untapped potential is exponential in nature. In order to recognize it, some fundamental misconceptions about the nature of money, how it is created and on what it is based need to be examined. This is the second article in a series.

76 FR 63333 - Sunshine Act Meeting

Science.gov (United States)

2011-10-12

... and settlement process, potential regulatory changes impacting the Over-The-Counter markets, and Anti-Money laundering concerns specific to microcap issuers. For further information, please contact the...

An Apology for Money

OpenAIRE

Svozil, Karl

2008-01-01

This review is about the convenience, the benefits, as well as the destructive capacities of money. It deals with various aspects of money creation, with its value, and its appropriation. All sorts of money tend to get corrupted by eventually creating too much of them. In the long run, this renders money worthless and deprives people holding it. This misuse of money creation is inevitable and should come as no surprise. Abusive money creation comes in various forms. In the present fiat money ...

76 FR 63680 - Public Roundtable on Execution, Clearance and Settlement of Microcap Securities

Science.gov (United States)

2011-10-13

... clearance and settlement process, potential regulatory changes impacting the Over-The-Counter markets, and Anti-Money Laundering concerns specific to microcap issuers. DATES: The roundtable discussion will be...

75 FR 13151 - In the Matter of the Applications of EDGX Exchange, Inc., and EDGA Exchange, Inc. for...

Science.gov (United States)

2010-03-18

..., and the Swiss Anti-Money Laundering Control Authority merged to form the Swiss Financial Markets... Rex, Inc.; DB US Financial Markets Holding Corporation; Canopy Acquisition Corporation; IB Exchange...

PENYIDIKAN TINDAK PIDANA PENCUCIAN UANG DALAM RANGKA IMPLEMENTASI UNDANG UNDANG No.15 TAHUN 2002 TENTANG TINDAK PIDANA PENCUCIAN UANG

Directory of Open Access Journals (Sweden)

Aulia - -

2012-05-01

doing the documentary  study of Investigation News Report. It is a case study of  criminal offence of money laundering when it was doing investigation, and getting an interview using indept interview tehnique. This research to indicates that the implementation of investigation to Criminal Offense of Money Laundering based on the laws number 8 of 1981 concerning Book Laws  of Criminal Procedure (KUHAP, and  laws procedure in laws number 15 of 2002 about the Criminal Offence of  The Money. The appearing constraints in this investigation can be categorized into two: that is juridical constrain and non-juridical constraints. The juridical constraints is the determination about a bank’s secret, investigator’s duty to protect the commentator and the witness, investigator’s perception upon the criminal offence of money laundering have not perfect yet, and also an uncomplete information from the Centre Information and Analysis Transaction of Money (PPATK. While a non juridical constraints is the commentator who does not always a victim, and the unlimited ability of its human resourches. The efforts observation can be divided into two: that is the effort to prevent juridical constraints. Juridical constraints is done by: getting conversation between the investigator and the customer bank at one place, inviting to cooperate with the investigator to be able to give information about the reported criminal towards the investigator; the socialization of laws number 15 of 2002 like as laws number 25 of 2003 the changing of laws number 15 of 2002 is about criminal offence of money laundering towards TPPU Investigator; and A Apesific Guidance Book of Criminal Investigation of Money Laundering, and also the coordination with PPATK. The non-juridical constraints is done by: giving a guarantee to commentator, that is the reported criminal was being a direct discovery police; and increasing the ability of human resourches. The researcher suggests the government to publish the

Money Markets

OpenAIRE

Marvin Goodfriend

2011-01-01

Money markets offer monetary services and short-term finance in the capital market with the credit support of institutional sponsors. Investors finance money market instruments at low interest because their salability on short notice confers an implicit monetary services yield. Low interest attracts borrowers to money markets. The fragile equilibrium depends on collective confidence in the credit quality of instruments supplied to the market. Federal Reserve monetary and credit policies have ...

Influence and Interest: How a Belligerent Dictator Resists Current Methods

Science.gov (United States)

2018-04-09

on China. The administration has done this through sanctions on a “Chinese bank for allegedly laundering money for North Korea.”32 Sanctions... money to their military programs and employ external aid to provide for the basic needs of the people. Additionally, the Kim Regine utilizes brutal...was lost with the collapse of the Soviet Union. North Korea utilized internal money for those military programs, leaving few financial resources to

Nelegální obchody na českém kapitálovém trhu

OpenAIRE

Michalcová, Šárka

2010-01-01

This thesis deals with the issue of illegal transactions in the Czech capital market. First chapter focuses on the history of money laundering, general features and different phases of the laundering process, concrete exposed cases and Financial Analytical Unit of Ministry of Finance. Particular emphasis is placed on the 40+9 recommendations of the international organization FATF. The second chapter is devoted to insider trading, i.e. abusing of internal information, information asymmetry, Di...

Monetary Policy Implications of Electronic Money

OpenAIRE

Berentsen, Aleksander

1997-01-01

The term digital money refers to various proposed electronic payment mechanisms designed for use by consumers to make retail payments. Digital money products have the potential to replace central bank currency, thereby affecting the money supply. This paper studies the effect of replacing central bank currency on the narrowly defined stock of money under various assumptions regarding regulatory policies and monetary operations of central banks and the reaction of the banking system.

An ERP study on decisions between attractive females and money.

Science.gov (United States)

Zeng, Jianmin; Wang, Yujiao; Zhang, Qinglin

2012-01-01

To investigate the neural processes of decision-makings between attractive females and money, we recorded 18 male participants' brain event-related potentials (ERPs) when they performed a novel task of deciding between viewing an attractive female's fuzzy picture in clear and gaining a certain amount of money. Two types of attractive females were included: sexy females and beautiful females. Several new electrophysiological discoveries were obtained as following. First, the beautiful females vs. money task (task B) elicited a larger positive ERP deflection (P2) than the sexy females vs. money task (task S) between 290 and 340 ms, and this probably related to the perception matching process between a visual input and an internal representation or expectation. Second, task S evoked greater negative ERP waves (N2) than task B during the time window of 340-390 ms, and this might relate to response conflict and cognitive monitoring for impulsive tendency. Third, the ERP positivity in task S was larger than task B in the time interval of 550-1000 ms, reflecting that sexy female images may have higher decision value for males than beautiful female images. Fourth, compared with choosing to gain money, choosing to view an attractive female evoked a larger late positive component (LPC) during the same time window, possibly because attractive females are more direct and evolutionarily earlier rewards for males than money amounts.

An ERP study on decisions between attractive females and money.

Directory of Open Access Journals (Sweden)

Jianmin Zeng

Full Text Available To investigate the neural processes of decision-makings between attractive females and money, we recorded 18 male participants' brain event-related potentials (ERPs when they performed a novel task of deciding between viewing an attractive female's fuzzy picture in clear and gaining a certain amount of money. Two types of attractive females were included: sexy females and beautiful females. Several new electrophysiological discoveries were obtained as following. First, the beautiful females vs. money task (task B elicited a larger positive ERP deflection (P2 than the sexy females vs. money task (task S between 290 and 340 ms, and this probably related to the perception matching process between a visual input and an internal representation or expectation. Second, task S evoked greater negative ERP waves (N2 than task B during the time window of 340-390 ms, and this might relate to response conflict and cognitive monitoring for impulsive tendency. Third, the ERP positivity in task S was larger than task B in the time interval of 550-1000 ms, reflecting that sexy female images may have higher decision value for males than beautiful female images. Fourth, compared with choosing to gain money, choosing to view an attractive female evoked a larger late positive component (LPC during the same time window, possibly because attractive females are more direct and evolutionarily earlier rewards for males than money amounts.

Global Administrative Law and Developing Countries | IDRC ...

International Development Research Centre (IDRC) Digital Library (Canada)

... and influence important developments in global regulatory governance. ... transnational institutions designed to detect and sanction money laundering shape ... IDRC congratulates first cohort of Women in Climate Change Science Fellows.

77 FR 67427 - Self-Regulatory Organizations; ICE Clear Europe Limited; Notice of Filing of Proposed Rule Change...

Science.gov (United States)

2012-11-09

... Rules provide updates related to anti-money laundering legislation applicable to customers, clarify... proposed rule change will have any impact or impose any burden on competition. C. Self-Regulatory...

Enhancing Basic Governance: Japan's Comprehensive Counterterrorism Assistance to Southeast Asia

National Research Council Canada - National Science Library

Fouse, David; Sato, Yoichiro

2006-01-01

.... Japan's focus has been to develop a comprehensive set of initiatives aimed at enhancing SEA countries' basic governance capabilities in areas such as law enforcement, export control, money laundering...

32 CFR Attachment C to Subpart B... - Standard C-Single Scope Background Investigation Periodic Reinvestigation (SSBI-PR)

Science.gov (United States)

2010-07-01

... accounts, and transactions under $10,000 that are reported as possible money laundering violations. (8) Local Agency Checks: A check of appropriate criminal history records covering all locations where...

Money Demand in Latvia

OpenAIRE

Ivars Tillers

2004-01-01

The econometric analysis of the demand for broad money in Latvia suggests a stable relationship of money demand. The analysis of parameter exogeneity indicates that the equilibrium adjustment is driven solely by the changes in the amount of money. The demand for money in Latvia is characterised by relatively high income elasticity typical for the economy in a monetary expansion phase. Due to stability, close fit of the money demand function and rapid equilibrium adjustment, broad money aggreg...

Stability of Money Demand Function in Pakistan

Directory of Open Access Journals (Sweden)

Haroon Sarwar

2013-09-01

Full Text Available The role, which money demand function plays in monetary policy formulation has attracted a lot of research studies to analyze this macroeconomic phenomenon. In the wake of current global and local economic and political upheavals, it is imperative to revisit the stability of money demand function. The study used the time series data and applied latest econometric techniques to find out the long run and short run money demand relationship. Moreover, all the three official monetary aggregates were used for finding out the most stable monetary demand relationship, which could provide correct signals for monetary policy formulation. The study found that broader monetary aggregate (M2 was the proper aggregate, which provided stable money demand function for Pakistan. The real GDP was positively related to the demand for real balances, while opportunity cost of money was negatively related. The study found that the role of financial innovation, in explaining the demand for money warrants attention in formulating monetary policy.

The love of money results in objectification.

Science.gov (United States)

Wang, Xijing; Krumhuber, Eva G

2017-06-01

Objectification, which refers to the treatment of others as objectlike things, has long been observed in capitalism. While the negative impact of money on interpersonal harmony has been well documented, the social cognitive processes that underlie them are relatively unknown. Across four studies, we explored whether the love of money leads to objectification, while controlling for social power and status. In Study 1, the love and importance attached to money positively predicted the tendency to construe social relationships based on instrumentality. In Study 2, the likelihood to favour a target of instrumental use was increased by momentarily activating an affective state of being rich. Temporarily heightening the motivation for money further resulted in deprivation of mental capacities of irrelevant others, including humans (Study 3) and animals (Study 4). This lack of perceived mental states partially mediated the effects of money on subsequent immoral behaviour (Study 4). The findings are the first to reveal the role of objectification as a potential social cognitive mechanism for explaining why money often harms interpersonal harmony. © 2016 The British Psychological Society.

Money and sociality: Measuring the unmeasurable money as justice, time and usury

Directory of Open Access Journals (Sweden)

Janković Zoran

2016-01-01

Full Text Available Levinas confirms: a reflection about a money as a social and economical reality is not possible without a serious analysis of empirical data. On the other hand, this reflection always involves something else, so a money is never a merely economical category. In that sense, Levinas proposes an intriguing meditation about some “dimensions” of a money in the western tradition. Contrary to the traditional moral condemnation of a money - which however remains unquestionable because of the fact that a man always carries a risk of becoming a merchandise - Levinas suggests that money never simply means a reification, but always implies some positive dimensions. Levinas suggests that a money is not something morally bad or simply neutral covering human relationships, but rather a condition of human community. Furthermore, he claims that a money is a fundament of the justice. A money makes possible a community, he explains, because it opens up the dimension of the future, and implies the existence of human beings who give themselves a credit; a credit understood as a time and a confidence. We shall try to address some problems implied by this thesis, particularly the problem of the relationship between time, money and credit. Finally, we are going to ask whether this cred­it - inseparable from the very essence of the money - is not always already a sort of usury.

When Does Money Make Money More Important? Survey and Experimental Evidence

OpenAIRE

Sanford E. DeVoe; Jeffrey Pfeffer; Byron Y. Lee

2013-01-01

The authors investigate how the amount and source of income affects the importance placed on money. Using a longitudinal analysis of the British Household Panel Survey and evidence from two laboratory experiments, they found that larger amounts of money received for labor were associated with individuals placing greater importance on money; but this effect did not hold for money not related to work. The longitudinal survey analysis demonstrated these differential effects of the source of inco...

76 FR 13404 - Sunshine Act Meeting

Science.gov (United States)

2011-03-11

... Anti-Money-Laundering Program and Fair Credit Reporting Rules to Update Cross-References to Treasury... Webcast live via the Internet and subsequently made available on-demand approximately one week after the...

28 CFR 9.1 - Authority, purpose, and scope.

Science.gov (United States)

2010-07-01

... have knowledge of, the conduct that resulted in the property being subject to forfeiture and, where... grant remission and mitigation is delegated to the Chief, Asset Forfeiture and Money Laundering Section...

Sex Differences in Money Pathology in the General Population.

Science.gov (United States)

Furnham, Adrian; von Stumm, Sophie; Fenton-O'Creevy, Mark

This study examined sex differences in money beliefs and behaviours. Over 100,000 British participants completed two measures online, one of which assessed "money pathology" (Forman in Mind over money, Doubleday, Toronto, 1987), and the other four "money types", based on the emotional associations of money (Furnham et al. in Personal Individ Differ, 52:707-711, 2012). Nearly all measures showed significant sex differences with medium to large effect sizes, and with females exhibiting more "money pathology" than males. The biggest difference on the money types was on money being associated with generosity (money representing love) where men scored much lower than females, and autonomy (money representing freedom) where men scored higher than women. For men, more than women, money represented Power and Security. Men were more likely to be Hoarders while women did more emotional regulatory purchasing. Implications and limitations of this study are discussed.

Money demand elasticity, effective money supply and money market disequilibrium: ¡°China¡¯s Puzzle¡± and long-term excessive liquidity

OpenAIRE

LI Zhiguo

2008-01-01

Chinese excessive liquidity problems are more serious than other main countries. The upgrading industrial structure and the increasing opening degree lead to the excessive money demand and higher money demand elasticity. Bad credits weaken money supply effectiveness and lead to illusive increasing money. We set up the money market disequilibrium model under the condition of the excessive liquidity. The imbalance between money demand and money supply is the key of Chinese excessive liquidity p...

KEBIJAKAN PEMIDANAAN KORPORASI DALAM TINDAK PIDANA PENCUCIAN UANG

Directory of Open Access Journals (Sweden)

Sakeus Ginting

2012-10-01

Full Text Available This research aims to analyze the corporation as a legal subject and conviction of thecorporation in money laundering. The type of this research is a normative juridicalresearch. Approach to the problem approach with statue approach, analytical andconceptual approach, historical approach and comparative approach. Sources oflegal materials used is the primary legal materials and secondary legal materials.Analysis of legal materials be descriptive-analytical, evaluative, interpretive,systematic, comparative and argumetatif. In The Act No. 8 of 2010 concerningPrevention and Eradication of Money Laundry, the Corporation declared as a legalsubject that can be held accountable in money laundering. Criminal convictions forcorporations may be imposed against the corporation if the criminal offense of moneylaundering performed or ordered by the personnel control corporation; carried outin order to meet the intent and objectives of the corporation; conducted inaccordance with the duties and functions of the perpetrator or the command, anddone with the intent to benefit the corporation.

All projects related to south africa | Page 4 | IDRC - International ...

International Development Research Centre (IDRC) Digital Library (Canada)

This grant will allow the Institute for Security Studies (ISS), through its Organized Crime and Money Laundering Programme (OCML), to explore the causal links between weak state authority and the emergence of criminal governance structures in two cities: Cape Town, South Africa, and Dakar, Sénégal. Start Date: July 10, ...

Designing New Money

DEFF Research Database (Denmark)

Bjerg, Ole

The prospect of central banks issuing digital currency (CBDC) immediately raises the question of how this new form of money should co-exist and interact with exist-ing forms of money. This paper evaluates three different scenarios for the imple-mentation of CBDC in terms of their monetary policy...... simultaneously only pursue two out of the following three policy objectives: Free convertibility between CBDC and bank money, parity between CBDC and bank money, and central bank monetary sovereignty, which is the use of monetary policy for anything else than support for commercial bank credit creation...

Terrorist Networks, Money Laundering Schemes, and Nation Stability

Science.gov (United States)

2010-06-01

Stabilization Initiative  $106,400,000.00 to recon/stab  Seven countries per fiscal year  American Academy of Actuaries insured losses (relatively...Indicators  Political Instability Task Force Report  Mathematical Model (Linear Program Optimization)  Develop a value system (utility theory) to...deeper ahead. 47 LIST OF REFERENCES American Academy of Actuaries (Finance Data). Retrieved September 20, 2009, from, http://www.actuary.org

Endogeneity of Money Supply: Evidence From Turkey

Directory of Open Access Journals (Sweden)

Oguzhan Cepni

2017-02-01

Full Text Available There is a long discussion among academics and central bankers about the theories of money supply. According to the exogenous view, central banks have the full control over money supply via policy actions including the adjustments of interest rates and reserve ratios, both of which alter commercial banks’ lending decisions. However, the theory of endogenous money supply emphasizes the role of demand for bank loans in money creation. More specifically, banks create money by meeting the demand of economic agents. In this study, we investigate which of the money supply theories holds in Turkish economy for the period 2006-2015 by employing cointegration and causality tests. Our findings show that the causality runs from bank loans to money supply both in the short and long terms, which supports the endogenous view in a sense that central bank and the banks fully meet the total demand for money in Turkish economy.

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African Journals Online (AJOL)

Fr. Ikenga

2013-04-26

Apr 26, 2013 ... ... Money Laundering Act 2004, Economic and Financial Crimes Commission ... the Chief Justice of Nigeria (CJN), Justice Mahmud Mohammed, made a .... service for judicial and non-judicial officers, declining intellectual ...

Smart Money

Science.gov (United States)

Ullman, Ellen

2009-01-01

From using virtualization technology to accepting lunch payments online, school districts are seeking money-saving methods. In this article, the author discusses some methods used by school districts that allow them to save money from using virtualization technology to accepting lunch payments online.

Smart Money

DEFF Research Database (Denmark)

Avital, Michel; Hedman, Jonas; Albinsson, Lars

2017-01-01

Legal tender in the form of coins and banknotes is expected to be replaced at one point in the future by digital legal tender. This transformation is an opportunity for central banks to rethink the idea of money and overhaul the prevailing payment systems. Digital legal tender is expected to reduce...... exchange instrument that relies on computer protocols to facilitate, verify, and enforce certain conditions for its appropriation as payment, e.g. who may use the money, where, and for what. If we believe that digital legal tender will become ubiquitous, then the emergence and diffusion of smart money...

Money and Design

Directory of Open Access Journals (Sweden)

Artur Borcuch

2015-01-01

Full Text Available The purpose of this article is to analyze the influence of the money design on willingness to make purchases. In this paper, we focus on three aspects that structure the relation between money and design: the link between design and finance (in general, determinants of design and perspective of currency design. The main research problem explored in this paper is: Does the money design have influence on the willingness to make purchases by employees/employers at design studios, design students and students of economics/management? The main hypothesis is as follows – the more experience in design practice, the more important is money design.

Study reputational risk in an audit

Directory of Open Access Journals (Sweden)

M. N. Volkova

2016-01-01

Full Text Available The introduction of international sanctions and the formation of intense competition among companies in the Russian market and the related need to assess their risk of reputation that directly affect the value of the goodwill of the company is very important. The article presents the main reputational risks Russian enterprises, which need to be analyzed in the course of the audit. The definition of "reputational risk", which is a challenge due to the problems associated with certain norms of economic security. Currently in economics there are no deep research on managing reputational risks of commercial structures. Is a list of the main risks for Russian companies, such as fraud, financial problems, bankruptcy, information leaks, lawsuits, violating the legislation and labor disputes, allegations of money laundering, tax evasion. It is concluded that the occurrence of at least one of reputational risks will inevitably lead to the gradual emergence of the rest. As well as a diagram the relationship reputational risks. Under the present scheme, identified reputational risks that arise in the financial problems of the enterprise. It was determined that the most significant reputational risks are tax evasion, violation of the law and labor disputes, allegations of money laundering and lawsuits. These risks are managed should have a strategic character. The strategic nature of the management can be achieved through the implementation of effective marketing communication policy. The risk management policy should be made a compulsory item - audit of the calculation and analysis of reputational risk. Compiled scheme of action needed to reputational risk.

Understanding the mobile money ecosystem

DEFF Research Database (Denmark)

Tobbin, P.

2011-01-01

This paper discusses the structure of the new mobile money ecosystem and the roles of its key players. Mobile money is an evolving sector both in volume and in economic impact especially in the developing world. The paper is an exploratory study that investigates the structure of the ecosystem, p...

Money growth volatility and the demand for money in Germany: Friedman's volatility hypothesis revisited

OpenAIRE

Brüggemann, Imke; Nautz, Dieter

1997-01-01

Recently, the Bundesbank claimed that monetary targeting has become considerably more diffcult by the increased volatility of short-term money growth. The present paper investigates the impact of German money growth volatility on income velocity and money demand in view of Friedman's money growth volatility hypothesis. Granger-causality tests provide some evidence for a velocity-volatility linkage. However the estimation of volatility-augmented money demand functions reveals that - in contras...

ENDOGENEITY OF INDONESIAN MONEY SUPPLY

Directory of Open Access Journals (Sweden)

Meutia Safrina Rachma

2011-09-01

Full Text Available There has been a long debate about the endogeneity of money supply. The main objective of this article is to identify whether money supply in Indonesia is an exogenous or an endogenous variable. Using a Vector Autoregressive model and monthly data 1997(5-2010(6, the estimation result shows that money supply in Indonesia is an endogenous variable. The movement of broad money supply does influence the movement of base money and Consumer Price Index. Consequently, the central bank does not have control power on money supply. The bank is only able to maintain the stability and control the movement of broad money supply. Keywords: Endogenous variable, money supply, vector autoregressionJEL classification numbers: E51, E52, E58

The Influence of Money on Goal Pursuit and Decision-Making: Understanding Money's Unique Impact on Goal Pursuit

Science.gov (United States)

Moran, Nora

Previous research suggests that activating concepts of money and wealth can increase motivation to achieve personal goals. In this dissertation, I investigate how money affects pursuit of important personal goals, and how this motivation may be affected by goal attainability. In eight studies, I show that priming concepts of money and wealth leads individuals to pursue important personal goals to a greater degree than control groups, but only when a goal is more attainable. In contrast, when a goal is less attainable, those primed with money will be less likely to work towards goals relative to control groups. Furthermore, I examine why money may have a detrimental effect on motivation when individuals are faced with less attainable but important goals, and argue those primed with money become more concerned with maintaining a sense of efficacy, and thus disengage from pursuit when success is less certain. Thus, this research identifies the needs made salient by activating money--validating one's abilities. Finally, I show the relevance of these findings for consumer behavior, and discuss the additional implications of this work, as well as future research directions.

Young Money

DEFF Research Database (Denmark)

Roelsgaard Obling, Anne

2015-01-01

Book review of: Kevin Roose: "Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits". New York: Grand Central Publishing, 2014. 320 pp.......Book review of: Kevin Roose: "Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits". New York: Grand Central Publishing, 2014. 320 pp....

Smart Money

DEFF Research Database (Denmark)

Avital, Michel; Hedman, Jonas; Albinsson, Lars

2017-01-01

transaction costs by providing seamless real-time payments. In addition, digital legal tender that is based on blockchain technology can provide a foundation for customizable “smart money” which can be used to manage the appropriation of money and its use. In essence, the smart money is a customizable value...

Methods of Analysis of Electronic Money in Banks

Directory of Open Access Journals (Sweden)

Melnychenko Oleksandr V.

2014-03-01

Full Text Available The article identifies methods of analysis of electronic money, formalises its instruments and offers an integral indicator, which should be calculated by issuing banks and those banks, which carry out operations with electronic money, issued by other banks. Calculation of the integral indicator would allow complex assessment of activity of the studied bank with electronic money and would allow comparison of parameters of different banks by the aggregate of indicators for the study of the electronic money market, its level of development, etc. The article presents methods which envisage economic analysis of electronic money in banks by the following directions: solvency and liquidity, efficiency of electronic money issue, business activity of the bank and social responsibility. Moreover, the proposed indicators by each of the directions are offered to be taken into account when building integral indicators, with the help of which banks are studied: business activity, profitability, solvency, liquidity and so on.

The Meaning of Money Revisited: Workers' View.

Science.gov (United States)

Tang, Thomas Li-Ping

Money has significant impacts on people's motivation and their work-related behavior in organizations. This study was conducted to develop the Money Ethic Scale (MES) and to examine the initial nomological network of the scale. A 25-page questionnaire on attitudes toward money was distributed to 1,200 subjects, including students and faculty of a…

Marital Satisfaction as it Related to Agreement on Money Matters and Money Management Competence Among Utah State University Married Students

OpenAIRE

Young, Carol S.

1982-01-01

The primary purpose of this study was to investigate the relationship between marital satisfaction, agreement on money matters, and money management competence among married couples at Utah State University . A sample of 43 student couples responded to a written questionnaire designed to measure the three variables. On all three variables measured, high scores indicated that both spouses rated themselves high on marital satisfaction, agreement on money matters, and money management competence...

Is spending money on others good for your heart?

Science.gov (United States)

Whillans, Ashley V; Dunn, Elizabeth W; Sandstrom, Gillian M; Dickerson, Sally S; Madden, Kenneth M

2016-06-01

Does spending money on others (prosocial spending) improve the cardiovascular health of community-dwelling older adults diagnosed with high blood pressure? In Study 1, 186 older adults diagnosed with high blood pressure participating in the Midlife in the U.S. Study (MIDUS) were examined. In Study 2, 73 older adults diagnosed with high blood pressure were assigned to spend money on others or to spend money on themselves. In Study 1, the more money people spent on others, the lower their blood pressure was 2 years later. In Study 2, participants who were assigned to spend money on others for 3 consecutive weeks subsequently exhibited lower systolic and diastolic blood pressure compared to participants assigned to spend money on themselves. The magnitude of these effects was comparable to the effects of interventions such as antihypertensive medication or exercise. Together, these findings suggest that spending money on others shapes cardiovascular health, thereby providing a pathway by which prosocial behavior improves physical health among at-risk older adults. (PsycINFO Database Record (c) 2016 APA, all rights reserved).

GENDERED DOLLARS: Pin Money, Mad Money, and Changing Notions of a Woman’s Proper Place

Directory of Open Access Journals (Sweden)

Janice Traflet

2008-01-01

Full Text Available This essay examines the evolution in the meaning and usage of two types of special currencies: pin money and mad money. At the start of the twentieth century, both currencies were considered a woman’s money. By the end of the century, however, both pin money and mad money had lost a large measure of their original gendered connotations. By situating the evolving meanings of these currencies alongside concepts of domesticity, virtuous womanhood, and a woman’s proper place, this essay strives to illuminate the rise and fall of pin money and mad money as uniquely “women’s dollars." 

Moneta e quasi-moneta. (Money and quasi-money

Directory of Open Access Journals (Sweden)

F. CESARANO

2013-12-01

Full Text Available L'analisi della definizione degli aggregati monetari ha avuto un ruolo di primo piano nel dibattito sul denaro negli anni Sessanta e la prima metà degli anni Settanta . I problemi connessi con il rapporto tra denaro e quasi- denaro ha importanti implicazioni per i vari aspetti fondamentali della teoria monetaria e della politica monetaria . In Italia , per motivi legati alla peculiarità del  quadro istituzionale , il problema in questione non ha ricevuto molta attenzione . Solo di recente , a seguito della diffusione di strumenti di mercato monetario ,  molti partiti hanno sollevato la questione per quanto riguarda l'inclusione di questi strumenti nella definizione dello stock del denaro . Dopo aver spiegato la natura del problema , il presente lavoro fornisce un'analisi empirica della questione .The analysis of the definition of monetary aggregates has had a leading role in the debate on money in the sixties and the first half of the seventies. The problems associated with the relationship between money and quasi-money has important implications for various fundamental aspects of monetary theory and monetary policy. In Italy, for reasons related to the peculiar institutional framework, the issue in question has not received much attention. Only recently, as a result of the diffusion of money market instruments, have many parties raised the question regarding the inclusion of these instruments in the definition of the stock of money. After explaining the nature of the problem, the present work provides an empirical analysis of the issue.JEL: E42, E52

Comparative characteristics of electronic, cash and cashless money

Directory of Open Access Journals (Sweden)

Ксенія Романівна Петрофанова

2017-12-01

The study of the peculiarities of electronic money is accompanied by the discovery of a large number of theoretical and practical problems and separate discussion issues of important application significance. As the number of e-money users increases with the development of e-commerce, protecting their interests requires proper civil and financial regulation. Comparing electronic money with cash and non-cash money, we found that they, by combining the benefits of the other two forms of money, actually became the third specific monetary form

Pocket money, eating behaviors, and weight status among Chinese children : The Childhood Obesity Study in China mega-cities

NARCIS (Netherlands)

Li, Miao; Xue, Hong; Jia, Peng; Zhao, Yaling; Wang, Zhiyong; Xu, Fei; Wang, Youfa

2017-01-01

Both the obesity rate and pocket money are rising among children in China. This study examined family correlates of children's pocket money, associations of pocket money with eating behaviors and weight status, and how the associations may be modified by schools' unhealthy food restrictions in urban

Motivation for cyberterrorism

CSIR Research Space (South Africa)

Veerasamy, N

2010-08-01

Full Text Available and Healthcare Regulatory Agency reports that up to 62% of the prescription medicine on sale on the internet, without requiring a prescription, are fake. Stealing money and money laundering, keep to low amounts to prevent detection. VI. FUTURE WORK... funds to support their activities. These include [13]: Online auctioneering - two partners, also known as smurfs, arrange a fake transaction to move money. One partner bids on an item and pays the auction amount to the auction house. The other...

Countering Russian Active Measures

Science.gov (United States)

2018-04-16

information laundering has proven effective in several occasions.20 In 2016, Russian social media actors circulated a fake news story about the...Soviet Union, individuals in positions of power funneled communist party financial resources to off-shore bank accounts and later used this money to...international offshore banking industry, they [the current oligarchs] stole money that belonged to the Russian state, took it abroad for safety

The Influence of Money on Goal Pursuit and Decision-Making: Understanding Money's Unique Impact on Goal Pursuit

OpenAIRE

Moran, Nora

2015-01-01

Previous research suggests that activating concepts of money and wealth can increase motivation to achieve personal goals. In this dissertation, I investigate how money affects pursuit of important personal goals, and how this motivation may be affected by goal attainability. In eight studies, I show that priming concepts of money and wealth leads individuals to pursue important personal goals to a greater degree than control groups, but only when a goal is more attainable. In contrast, when...

Money distribution with intermediation

OpenAIRE

Teles, Caio Augusto Colnago

2013-01-01

This pap er analyzes the distribution of money holdings in a commo dity money search-based mo del with intermediation. Intro ducing heterogeneity of costs to the Kiyotaki e Wright ( 1989 ) mo del, Cavalcanti e Puzzello ( 2010) gives rise to a non-degenerated distribution of money. We extend further this mo del intro ducing intermediation in the trading pro cess. We show that the distribution of money matters for savings decisions. This gives rises to a xed p oint problem for the ...

Hume and Endogenous Money

OpenAIRE

Maria Pia Paganelli

2006-01-01

David Hume’s monetary theory has three standard yet inconsistent readings. As a forefather of the quantity theory of money, Hume sees money as neutral. As an inflationist, Hume sees an active positive role for monetary policy. As a monetarist, Hume sees an active positive role for monetary policy only in the short run. This paper reads Hume consistently instead by showing that for Hume money is endogenous and demand-driven. Hume would read the money equation in terms of reverse causation and ...

Strengthening the EU Legal and Institutional Framework to Combat Transnational Financial Crimes

DEFF Research Database (Denmark)

Marchuk, Iryna

The report examines the development of adequate legal tools and practices to combat transnational financial crimes such as money laundering, terrorism financing, corruption, transnational financial fraud, and investigates measures directed at strengthening the overall legal and institutional...

IRREGULAR WARFARE IN AFRICAN CONFLICTS

African Journals Online (AJOL)

Abel

civil war, because the factors determining the financial and military viability of civil war are .... affect a counterbalance of force”, since forces seek to negate or avoid the strengths ...... Crime and Money Laundering Programme, ISS Cape Town.

Measuring Money Demand Function in Pakistan

OpenAIRE

Hassan, Shahid; Ali, Umbreen; Dawood, Mamoon

2016-01-01

This study investigates the factors such as interest rate, GDP per capita, exchange rate, fiscal deficit, urban and rural population to determine money demand function for Pakistan over the period from 1972-2013. We use ARDL Bound Testing approach in order to test long run relation between money demand and its factors whereas both long and short run coefficients will be found using similar approach. The results show that real interest rate exerts significant and negative effect upon money dem...

Recovery and money management.

Science.gov (United States)

Rowe, Michael; Serowik, Kristin L; Ablondi, Karen; Wilber, Charles; Rosen, Marc I

2013-06-01

Social recovery and external money management are important approaches in contemporary mental health care, but little research has been done on the relationship between the two or on application of recovery principles to money management for people at risk of being assigned a representative payee or conservator. Out of 49 total qualitative interviews, 25 transcripts with persons receiving Social Security insurance or Social Security disability insurance who were at risk of being assigned a money manager were analyzed to assess the presence of recognized recovery themes. The recovery principles of self-direction and responsibility were strong themes in participant comments related to money management. Money management interventions should incorporate peoples' recovery-related motivations to acquire financial management skills as a means to direct and assume responsibility for one's finances. Staff involved in money management should receive training to support client's recovery-related goals. (PsycINFO Database Record (c) 2013 APA, all rights reserved).

Money Inventories in Search Equilibrium

OpenAIRE

Berentsen, Aleksander

1998-01-01

The paper relaxes the one unit storage capacity imposed in the basic search-theoretic model of fiat money with indivisible real commodities and indivisible money. Agents can accumulate as much money as they want. It characterizes the stationary distributions of money and shows that for reasonable parameter values (e.g. production cost, discounting, degree of specialization) a monetary equilibrium exists. There are multiple stationary distributions of a given amount of money, which differ in t...

Investigation of laundering and dispersion approaches for silica and calcium phosphosilicate composite nanoparticles synthesized in reverse micelles

Science.gov (United States)

Tabakovic, Amra

Nanotechnology, the science and engineering of materials at the nanoscale, is a booming research area with numerous applications in electronic, cosmetic, automotive and sporting goods industries, as well as in biomedicine. Composite nanoparticles (NPs) are of special interest since the use of two or more materials in NP design imparts multifunctionality on the final NP constructs. This is especially relevant for applications in areas of human healthcare, where the use of dye or drug doped composite NPs is expected to improve the diagnosis and treatment of cancer and other serious illnesses. Since the physicochemical properties of NP suspensions dictate the success of these systems in biomedical applications, especially drug delivery of chemotherapeutics, synthetic routes which offer precise control of NP properties, especially particle diameter and colloidal stability, are utilized to form a variety of composite NPs. Formation of NPs in reverse, or water-in-oil, micelles is one such synthetic approach. However, while the use of reverse micelles to form composite NPs offers precise control over NP size and shape, the post-synthesis laundering and dispersion of synthesized NP suspensions can still be a challenge. Reverse micelle synthetic approaches require the use of surfactants and low dielectric constant solvents, like hexane and cyclohexane, as the oil phase, which can compromise the biocompatibility and colloidal stability of the final composite NP suspensions. Therefore, appropriate dispersants and solvents must be used during laundering and dispersion to remove surfactant and ensure stability of synthesized NPs. In the work presented in this dissertation, two laundering and dispersion approaches, including packed column high performance liquid chromatography (HPLC) and centrifugation (sedimentation and redispersion), are investigated for silver core silica (Ag-SiO2) and calcium phosphosilicate (Caw(HxPO4)y(Si(OH)zOa) b · cH2O, CPS) composite NP suspensions

Money illusion and coordination failure

DEFF Research Database (Denmark)

Fehr, Ernst; Tyran, Jean-Robert

2007-01-01

Economists long considered money illusion to be largely irrelevant. Here we show, however, that money illusion has powerful effects on equilibrium selection. If we represent payoffs in nominal terms, choices converge to the Pareto inferior equilibrium; however, if we lift the veil of money...... by representing payoffs in real terms, the Pareto efficient equilibrium is selected. We also show that strategic uncertainty about the other players' behavior is key for the equilibrium selection effects of money illusion: even though money illusion vanishes over time if subjects are given learning opportunities...... in the context of an individual optimization problem, powerful and persistent effects of money illusion are found when strategic uncertainty prevails...

Pocket money, eating behaviors, and weight status among Chinese children: The Childhood Obesity Study in China mega-cities.

Science.gov (United States)

Li, Miao; Xue, Hong; Jia, Peng; Zhao, Yaling; Wang, Zhiyong; Xu, Fei; Wang, Youfa

2017-07-01

Both the obesity rate and pocket money are rising among children in China. This study examined family correlates of children's pocket money, associations of pocket money with eating behaviors and weight status, and how the associations may be modified by schools' unhealthy food restrictions in urban China. Data were collected in 2015 from 1648 students in 16 primary and middle schools in four mega-cities in China (4 schools/city): Beijing, Shanghai, Nanjing, and Xi'an. Cluster robust negative binomial regression models were fit to assess family correlates of pocket money, associations of pocket money with child eating behaviors and weight outcomes, and possible modifying effects of schools' unhealthy food restrictions. Sixty-nine percent of students received pocket money weekly. Students received more pocket money if mothers frequently ate out of home (IRR=2.28 [1.76, 2.94]) and/or family rarely had dinner together (IRR=1.42, 95%=[1.01, 1.99]). Students got less pocket money if parents were concerned about child's future health due to unhealthy eating (IRR=0.56 [0.32,0.98]). Students with more pocket money more frequently consumed (by 25-89%) sugary beverages, snacks, fast food, or at street food stalls, and were 45-90% more likely to be overweight/obese. Associations of pocket money with unhealthy eating and overweight/obesity were weaker in schools with unhealthy food restrictions. Pocket money is a risk factor for unhealthy eating and obesity in urban China. School policies may buffer pocket money's negative influence on students' eating and weight status. Copyright © 2017. Published by Elsevier Inc.

Money Matters. FDIC Money Smart Financial Education Curriculum = Cuestiones de Dinero. FDIC Money Smart Plan de Educacion para Capacitacion en Finanzas.

Science.gov (United States)

Federal Deposit Insurance Corp., Washington, DC.

This module on how to keep track of one's money is one of ten in the Money Smart curriculum, and includes an instructor guide and a take-home guide. It was developed to help adults outside the financial mainstream enhance their money skills and create positive banking relationships. It is designed to enable participants to prepare a personal…

Philosophy of Money

CERN Document Server

Simmel, Georg; Frisby, David; Bottomore, Tom

2011-01-01

In The Philosophy of Money, Georg Simmel provides us with a now classic discussion of the social, psychological and philosophical aspects of the money economy, full of brilliant insights into the forms that social relationships take.

ENDOGENEITY OF INDONESIAN MONEY SUPPLY

OpenAIRE

Rachma, Meutia Safrina

2011-01-01

There has been a long debate about the endogeneity of money supply. The main objective of this article is to identify whether money supply in Indonesia is an exogenous or an endogenous variable. Using a Vector Autoregressive model and monthly data 1997(5)-2010(6), the estimation result shows that money supply in Indonesia is an endogenous variable. The movement of broad money supply does influence the movement of base money and Consumer Price Index. Consequently, the central bank does not hav...

Endogeneity Of Indonesian Money Supply

OpenAIRE

Rachma, Meutia Safrina

2010-01-01

There has been a long debate about the endogeneity of money supply. The main objective of this article is to identify whether money supply in Indonesia is an exogenous or an endogenous variable. Using a Vector Autoregressive model and monthly data 1997(5)-2010(6), the estimation result shows that money supply in Indonesia is an endogenous variable. The movement of broad money supply does influence the movement of base money and Consumer Price Index. Consequently, the central bank does not hav...

The Determinants of Money Arguments between Spouses

Directory of Open Access Journals (Sweden)

Dorothy B. Durband

2010-10-01

Full Text Available A commonly held view is that arguments about money are associated with marital problems, but relatively little is known about the nature of arguing about money within marriage. Using data from the National Longitudinal Survey of Youth 1979 (NLSY79, this study uses a collective bargaining approach to examine the role of money arguments in marriage. The sample (N = 1,371 consists of married women. A collective bargaining framework provides a context for understanding money arguments within the marital relationship. Results indicate that costly communication is the dominant predictor of money arguments, followed by level and proportion of wife’s income, and household net worth. Because results suggest that both communication and financial resources are important components to understanding money arguments within marriage, a combination of professionals trained in marital therapy and/or financial planning is required for couples interested in seeking assistance to increase their satisfaction and/or avoid divorce.

INTER-BANK CALL MONEY MARKET TRANSACTION IN INDONESIA

Directory of Open Access Journals (Sweden)

Aries Haryadi

2013-10-01

Full Text Available AbstractThis study analyzes the effect of Indonesian Bank loan, the amount of demand deposits, and the Indonesia economic crisis in 1997 on the interbank call money market transactions in Indonesia using a multiple linear regression method. This study finds that the variables influencing the interbank call money market transactions are the interest rate of interbank call money market and the check money. Both variables have positive effect on the interbank money market transactions in Indonesia.Keywords: Loans, Interest Rate, Check Money, Monetary Crisis, Interbank Money Market TransactionsJEL Classification Numbers: G21, G28AbstrakPenelitian ini menganalisis pengaruh pinjaman Bank Indonesia terhadap tingkat bunga pasar uang antar bank, jumlah uang giral, dan krisis ekonomi Indonesia tahun 1997 terhadap transaksi pasar uang antar bank di Indonesia menggunakan metode regresi linier berganda. Penelitian ini menemukan bahwa variabel yang berpengaruh terhadap transaksi pasar uang antar bank tersebut adalah tingkat bunga pasar uang antar bank dan jumlah uang giral. Dua variabel tersebut berpengaruh positif terhadap transaksi pasar uang antar bank di Indonesia.Keywords: Pinjaman, Tingkat Bunga, Uang Giral, Krisis Moneter, Transaksi Pasar Uang antar BankJEL Classification Numbers: G21, G28

Government, Money, and International Politics

OpenAIRE

Hoppe, Hans-Hermann

2003-01-01

In this paper, the author deals with: (1) Definition of government; incentive structure under government: taxation, war and territorial expansion. (2) Origin of money; government and money; the devolution of money from commodity to fiat money. (3) International politics and monetary regimes; monetary imperialism and the drive toward a one-world central bank and fiat currency.

Dynamic Analysis of Money Demand Function: Case of Turkey*

OpenAIRE

doğru, bülent

2013-01-01

In this paper, the dynamic determinants of money demand function and the long-run and short-run relationships between money demand, income and nominal interest rates are examined in Turkey for the time period 1980-2012. In particular we estimate a dynamic specification of a log money demand function based on Keynesian liquidity preference theory to ascertain the relevant elasticity of money demand. The empirical results of the study show that in Turkey inflation, exchange rate and money deman...

GENDERED DOLLARS: Pin Money, Mad Money, and Changing Notions of a Woman’s Proper Place

OpenAIRE

Janice Traflet

2008-01-01

This essay examines the evolution in the meaning and usage of two types of special currencies: pin money and mad money. At the start of the twentieth century, both currencies were considered a woman’s money. By the end of the century, however, both pin money and mad money had lost a large measure of their original gendered connotations. By situating the evolving meanings of these currencies alongside concepts of domesticity, virtuous womanhood, and a woman’s proper place, this essay strives t...

Situational crime prevention and cross-border crime

NARCIS (Netherlands)

Kleemans, Edward R.; Soudijn, Melvin R J; Weenink, Anton W.

2013-01-01

This chapter explores the consequences of cross-border crime for situational crime prevention. Many types of organised crime involve international smuggling activities – such as drug trafficking, money laundering, smuggling illegal immigrants, and other transnational illegal activities. Based on

Fraud Indicators Applied to Legal Entities : An Empirical Ranking Approach

NARCIS (Netherlands)

S. van den Braak; R. Choenni; M.S. Bargh

2014-01-01

Legal persons (i.e., entities such as corporations, companies, partnerships, firms, associations, and foundations) may commit financial crimes or employ fraudulent activities like money laundering, tax fraud, or bankruptcy fraud. Therefore, in the Netherlands legal persons are automatically screened

An Industrial-Organization Approach to Money and Banking

OpenAIRE

Gunji, Hiroshi; Miyazaki, Kenji

2016-01-01

In this paper, we study the effect of conventional interest rate policy, quantitative easing and the reserve accounts’ interest rate on the money stock in an industrial-organization model of the banking industry with money creation. Our main findings are as follows. First, under a plausible setting of the parameters, the model with money creation supports the liquidity puzzle, in which tight monetary policy increases the money stock. Second, quantitative monetary easing has a similar effect. ...

78 FR 40269 - Submission for OMB Review; Comment Request

Science.gov (United States)

2013-07-03

... of usefulness in criminal, tax, or regulatory matters, or to protect against international terrorism..., investigation, and prosecution of individuals involved in money laundering, tax evasion, narcotics trafficking, organized crime, bank, securities, and tax fraud, embezzlement and other crimes. The information also...

National Security Strategy of the United States of America

Science.gov (United States)

2017-12-18

build new partnerships based on the principle of reciprocity. Economic tools—including sanctions, anti-mon- ey- laundering and anti-corruption...parency, and help ensure that money reaches its intended destination. INCENTIVIZE REFORMS: The United States will use diplomacy and assistance to

Digital forensic framework for a cloud environment

CSIR Research Space (South Africa)

Sibiya, G

2012-05-01

Full Text Available crimes that can be committed in the cloud include unauthorized access to resources in the cloud, money laundering, distributed denial of services attacks, storage of pirated software, music, movies, etc. In this section, two scenarios of criminal...

La legislazione antiriciclaggio dello Stato della Città del Vaticano: una comparazione con il sistema italiano

Directory of Open Access Journals (Sweden)

Filippo Sgubbi

2013-03-01

 Abstract: This research is focused on anti-money laundering regulations in Vatican City State (Legge 24 aprile 2012 N. CLXVI. In particular, one compare it with italian set of rules and one analyze the system of vatican legal sources.

MONEY ATTITUDES VS ECONOMIC SOCIALIZATION IN POLAND

Directory of Open Access Journals (Sweden)

Aneta KOWALCZYK

2015-03-01

Full Text Available This article concerns the attitudes people have towards money, analysed from an economic and psychological point of view. The article presents an overview of current knowledge on the issues of money attitudes, as well as derived own research derived. This research was designed in order to identify different types of money attitudes as well as their determinants. The study identified five dominant profiles and showed that the most popular is a rational approach, and second – it’s opposite - improvidence. The results have been faced with the most important economic socialization determinants identified during the literature review. The comparison proved to be important, e.g. in the form of receiving pocket money.

Time, money, and morality.

Science.gov (United States)

Gino, Francesca; Mogilner, Cassie

2014-02-01

Money, a resource that absorbs much daily attention, seems to be involved in much unethical behavior, which suggests that money itself may corrupt. This research examined a way to offset such potentially deleterious effects-by focusing on time, a resource that tends to receive less attention than money but is equally ubiquitous in daily life. Across four experiments, we examined whether shifting focus onto time can salvage individuals' ethicality. We found that implicitly activating the construct of time, rather than money, leads individuals to behave more ethically by cheating less. We further found that priming time reduces cheating by making people reflect on who they are. Implications for the use of time primes in discouraging dishonesty are discussed.

Terrorism and financial supervision

NARCIS (Netherlands)

Krans, Anatoli van der

2005-01-01

This article presents an analysis of how legislators on international, European and national level combat the financing of terrorism. The central question in this article is whether European regulations concerning the prevention of money laundering and the financing of terrorism, are effective,

The Development and Recognition of Homeland Security Law

Science.gov (United States)

2007-03-01

Facilitation” ( CTPAT )90; “AML/CFT compliance91”; Bioshield92; two votes for Legislative and/or Government relations; “Implications for Intellectual...import/commercial_enforcement/ ctpat / [Accessed 24 December 2006]. 91 Anti-Money Laundering and Combating the Financing of Terrorism. For more

Globalisation and the fear factor of the financial crime compliance regimes

OpenAIRE

Ryder, N.

2016-01-01

The aim of this key note address is to provide a detailed and critical review of the United Kingdom's anti-money laundering regime. It seeks to identify several factors that have contributed towards the creation of a 'fear factor' for compliance officers.

The Evolution of Paper Money

OpenAIRE

Levintal, Oren; Zeira, Joseph

2009-01-01

This paper tells the story of how paper money evolved as a result of lending by banks. While lending commodity money requires holding large reserves of commodity money to ensure liquidity, issuing convertible paper money reduces these costs significantly. The paper also examines the possibility of issuing inconvertible notes and shows that while they further reduce the cost of borrowing they also have adverse effects on the stability of the banking system. As a result, governments often inter...

Some observations about the endogenous money theory

OpenAIRE

Bertocco Giancarlo

2006-01-01

The endogenous money theory constitutes the core element of the post-keynesian monetary theory. The first formulation of this theory can be found in the works of Kaldor published in the 1970s. Taking these studies as a starting point, the post-keynesians elaborated two versions of the endogenous money theory which differ in their assumptions about the behaviour of the monetary authorities and the banking system, and hence offer different conclusions about the slope of the money supply curve. ...

Modelling the Demand for Money in Pakistan

OpenAIRE

Qayyum, Abdul

2005-01-01

The study estimates the dynamic demand for money (M2) function in Pakistan by employing cointegration analysis and error correction mechanism. The parameters of preferred model are found to be super-exogenous for the relevant class of interventions. It is found that the rate of inflation is an important determinant of money demand in Pakistan. The analysis reveals that the rates of interest, market rate, and bond yield are important for the long-run money demand behaviour. Since the preferred...

Money giveth, money taketh away: the dual effect of wealth on happiness.

Science.gov (United States)

Quoidbach, Jordi; Dunn, Elizabeth W; Petrides, K V; Mikolajczak, Moïra

2010-06-01

This study provides the first evidence that money impairs people's ability to savor everyday positive emotions and experiences. In a sample of working adults, wealthier individuals reported lower savoring ability (the ability to enhance and prolong positive emotional experience). Moreover, the negative impact of wealth on individuals' ability to savor undermined the positive effects of money on their happiness. We experimentally exposed participants to a reminder of wealth and produced the same deleterious effect on their ability to savor as that produced by actual individual differences in wealth, a result supporting the theory that money has a causal effect on savoring. Moving beyond self-reports, we found that participants exposed to a reminder of wealth spent less time savoring a piece of chocolate and exhibited reduced enjoyment of it compared with participants not exposed to wealth. This article presents evidence supporting the widely held but previously untested belief that having access to the best things in life may actually undercut people's ability to reap enjoyment from life's small pleasures.

Veblen effect, marginal utility of money, and money illusion

OpenAIRE

Malakhov, Sergey

2013-01-01

The paper discovers microeconomic mechanism of Veblen effect as well as of Giffen case as results of the negative marginal utility of money. The marginal utility of consumption also becomes negative. The total consumption-leisure utility is increased due to the increase in leisure time. This overall effect results in the phenomenon of money illusion on the macroeconomic level. This general effect has deep historical and institutional grounds and, in order to minimize its disequilibrium econom...

Sustainability/Logistics-Basing Science and Technology Objective - Demonstration; Demonstration #2 - 300-Person Camp Demonstration

Science.gov (United States)

2017-09-04

Air conditioner (Figure 10) As part of this project, a hygiene (shower/latrine), waste management or repurposing, and laundering module was...draws out what it needs.” One Soldier said this system “is going to save money and lives.” The Soldiers suggested making the system cheaper and...recon and where extra money is worth it.” Although the Soldiers thought the technology could be made lighter and smaller, they believed the NPC could

The Hotel Industrys Role In Combatting Sex Trafficking

Science.gov (United States)

2017-12-01

reuse programs that offer guests the option to forego daily laundering services are now commonly used throughout the lodging industry to conserve...spend time and money training its employees to be able to identify signs of human trafficking activity and report those signs. However, reporting crimes...for monetary rewards of “10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.”151 As of October 12, 2017

Machine Learning For Money Laundering Detection In The Block ...

African Journals Online (AJOL)

pc

2018-03-05

Mar 5, 2018 ... ... of Computing and. Information Systems at Athabasca University, and his e-mail is: ... high impact factors, books and related materials published by subject matter ... accounting ledgers as the prosperity and creditworthiness of businesses is .... network; standardized governance over FIs' internal controls.

Bitcoin and Beyond: Exclusively Informational Money

NARCIS (Netherlands)

Bergstra, J.A.; de Leeuw, K.

2013-01-01

The famous new money Bitcoin is classified as a technical informational money (TIM). Besides introducing the idea of a TIM, a more extreme notion of informational money will be developed: exclusively informational money (EXIM). The informational coins (INCOs) of an EXIM can be in control of an agent

Money Matters and Money Talks: German Children’s Experiences with and Perspectives on Their Own Money

OpenAIRE

Gebauer, Anja

2013-01-01

The following thesis rectifies the often assumed notion that children are economic innocents and portrays the full complexity of children’s economic lives. It traces the experiences of 17 German 6 to 8 year old children with their own money and explores their perspectives on their money relations. Empirical data is derived from semi-structured individual interviews and focus-group discussions with children, children’s drawings as well as semi-structured interviews with the parents of these ch...

Combinatorial Auctions without Money

Science.gov (United States)

2014-05-01

istence of thresholds (a.k.a., critical prices) (for every set). The result in Theorem 3.4 relates to the characterization of truthful CAs with money and no...with money and no verification, each bidder optimizes her valu- ation minus the critical price over all her demanded sets; in the setting without money...auctions. ICALP, pp. 90-101, 2010. [2] P. Briest, P. Krysta, and B. Vöcking. Approximation techniques for utilitarian mechanism design. STOC, pp. 39-48

Keynesian multiplier versus velocity of money

Science.gov (United States)

Wang, Yougui; Xu, Yan; Liu, Li

2010-08-01

In this paper we present the relation between Keynesian multiplier and the velocity of money circulation in a money exchange model. For this purpose we modify the original exchange model by constructing the interrelation between income and expenditure. The random exchange yields an agent's income, which along with the amount of money he processed determines his expenditure. In this interactive process, both the circulation of money and Keynesian multiplier effect can be formulated. The equilibrium values of Keynesian multiplier are demonstrated to be closely related to the velocity of money. Thus the impacts of macroeconomic policies on aggregate income can be understood by concentrating solely on the variations of money circulation.

Privately issued money reduces GDP.

OpenAIRE

Musgrave, Ralph S.

2017-01-01

The majority of the money supply is issued by private banks, not central banks. However a system that restricts money creation to central banks has been advocated for many years by leading economists. There is no reason interest rates would not be at some sort of genuine free market rate under the latter system. In contrast, when private bank money is allowed, those banks undercut the free market rate of interest because it costs them nothing to come by the money they lend out: they effective...

Money, Debt, People and Planet

Directory of Open Access Journals (Sweden)

Jakob von Uexkull

2012-10-01

Full Text Available The widespread failure to understand money creation plays a key role in the current policy impasse. In a world ruled by money, this failure disempowers and prevents serious consideration of alternatives. The key reasons why we are not moving faster in tackling the global crises are, we are told, because it is too expensive, there is not enough money, it is not (yet profitable enough to do etc. Within the current global monetary framework, this is largely true. Therefore, any realistic plan to change course before we are overwhelmed by the inter-linked environmental, social and security threats facing us, is to change this framework to ensure that money becomes our servant again. The current debt crisis offers an opportunity to replace discredited debt-based money created by private banks in their interest with government-created debt-free money benefitting all, which can be used to fund a global emergency programme.“We know now that government by organised money is just as dangerous as government by organised mob.” — President F.D. Roosevelt, 31.10.36“The essence of the contemporary monetary system is creation of money, out of nothing, by private banks’ often foolish lending. Why is such privatisation of a public function right and proper, but action by the central bank to meet pressing public need, a road to catastrophe?” — Martin Wolf, ‘Financial Times’, 9.11.10“The obvious way to reduce our public and private debts is to stop having all our money created as debt.” — James Robertson, ‘Future Money’

The Money Market Liaison Group Sterling Money Market Survey

OpenAIRE

Westwood, Ben

2011-01-01

The Bank of England recently initiated a new survey of the sterling money market on behalf of the Money Market Liaison Group. This market — where short-term wholesale borrowing and lending in sterling takes place — plays a central role in the Bank’s pursuit of its monetary and financial stability objectives. Participants include banks, other financial institutions and non-financial companies, who use the market to manage their liquidity, by investing over short periods and raising short-term ...

Private Electronic Money, Fiat Money and the Payments System

OpenAIRE

Andrew B. Whinston; Paula Hernandez-Verme; Haibo Huang

2004-01-01

Temzelides and Williamson (2001) provides valuable contribution into the private money literature, however, as pointed out by Schreft (2001), while the model provides insight about historical experiences with private paper monies, it does not provide a clear insight on how a modern system of private electronic money would work and how the necessary network shall function. Our target of this paper is to fill in that gap. We present a model with two types of private electronic currencies with o...

Redefining the money market

African Journals Online (AJOL)

Keywords: money market, monetary policy, money, financial markets. 1. ..... Both sides of the banks' consolidated balance sheet increase by USD 100 million. ... As substantiation of the statement that the KIR substantially influencing the.

76 FR 42755 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing...

Science.gov (United States)

2011-07-19

... manipulative, deceptive or other fraudulent devices); FINRA Rule 3310 (anti-money laundering program); and... additional time to consider the potential impact on their businesses and the interpretive questions raised..., relief from the Act's antifraud and anti-manipulation provisions. FINRA notes that proposed new FINRA...

78 FR 20708 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing...

Science.gov (United States)

2013-04-05

... Manipulative, Deceptive or Other Fraudulent Devices), 3310 (Anti-Money Laundering Compliance Program) and 4240... include, for instance, relief from the Act's antifraud and anti-manipulation provisions. FINRA has noted... potential impact of the revision of the Exchange Act definition of ``security'' in light of recent...

299---09 Dec 2009 [Final version].indd

African Journals Online (AJOL)

2009-12-09

Dec 9, 2009 ... a country is going, the politics, social justice, whether elections will be ... money laundering, human trafficking and sexual exploitation, sex tourism, the ... to the transformation and improvement of education, including affordability and access. ..... extent do individuals and groups learn from their failures.

Do subtle reminders of money change people's political views?

Science.gov (United States)

Rohrer, Doug; Pashler, Harold; Harris, Christine R

2015-08-01

A number of researchers have reported studies showing that subtle reminders of money can alter behaviors and beliefs that are seemingly unrelated to money. In 1 set of studies published in this journal, Caruso, Vohs, Baxter, and Waytz (2013) found that incidental exposures to money led subjects to indicate greater support for inequality, socioeconomic differences, group-based discrimination, and free market economies. We conducted high-powered replication attempts of these 4 money priming effects and found no evidence of priming (weighted Cohen's d = 0.03). We later learned that Caruso et al. also found several null effects in their line of research that were not reported in the original article. In addition, the money priming effect observed in the first study of Caruso et al. was included in the Many Labs Replication Project (Klein et al., 2014), and only 1 of the 36 labs was able to find the effect. (c) 2015 APA, all rights reserved).

Time versus money.

Science.gov (United States)

Monga, Ashwani; Zor, Ozum

2018-04-21

Consumers are known to spend both time and money. These two resources are often seen as economically comparable because the value of one's time can be equated to a monetary amount, such as one's wage rate. Recent research suggests that even when time and money are economically equivalent, they are psychologically different. We discuss how time (versus money) leads to decision making that is more heuristic rather than systematic, to an orientation that is more emotional rather than value-maximizing, to a thinking process that is more holistic rather than analytic, and to a mindset that is more abstract rather than concrete. Implications arise for a variety of domains such as consumer search, happiness, product evaluation, and charitable giving. Copyright © 2018 Elsevier Ltd. All rights reserved.

Do Danish children and young people receive pocket money?

OpenAIRE

Jens Bonke

2013-01-01

The aim of this study is to determine the extent to which Danish parents give their children pocket money, including an examination of whether there is a correlation between the amount of pocket money given and children’s income from paid work. We also examine the significance of parents’ income for the amount of pocket money they give to their children, and we consider how children use their income in relation to the amount of their pocket money and earnings. Finally, we examine the relation...

75 FR 1003 - Submission for OMB Review; Comment Request;

Science.gov (United States)

2010-01-07

... internal risk management controls to assist it in managing the risks associated with its business... money laundering and terrorist financing as part of its internal risk management control system. Finally, Rule 17i-4 requires that an SIBHC periodically review its internal risk management control system for...

76 FR 18365 - Fair Credit Reporting Act and Bank Secrecy Act Compliance

Science.gov (United States)

2011-04-04

... Procedure Act (APA), an agency may, for good cause, find (and incorporate the finding and a brief statement... and comment procedures prescribed by the APA are unnecessary because the final rule makes technical... Asked Questions, and the FFIEC Bank Secrecy Act/Anti-Money Laundering Examination Manual. (iii...

299---09 Dec 2009 [Final version].indd

African Journals Online (AJOL)

2009-12-09

Dec 9, 2009 ... money laundering, human trafficking and sexual exploitation, sex ... to the transformation and improvement of education, including affordability and access. ... A greater understanding of differences, and what gives rise to them, will hopefully lead to ..... The bridging function of spirituality is premised by two.

75 FR 58464 - Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing and Immediate Effectiveness of...

Science.gov (United States)

2010-09-24

...--NYSE Amex Equities (Anti-Money Laundering Compliance Program) replaced old Rule 445--NYSE Amex Equities...-Regulatory Organizations; NYSE Amex LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change... solicited or received with respect to the proposed rule change. III. Date of Effectiveness of the Proposed...

78 FR 9088 - Self-Regulatory Organizations; ICE Clear Europe Limited; Order Approving Proposed Rule Change To...

Science.gov (United States)

2013-02-07

... provide updates related to anti- money laundering legislation applicable to customers, clarify membership... framework available for other products at ICE Clear Europe. US customers must clear through a registered... applicable. Non-US customers may clear through a non-US clearing member in accordance with applicable local...

75 FR 32839 - Submission for OMB Review; Comment Request

Science.gov (United States)

2010-06-09

... before July 9, 2010 to be assured of consideration. Financial Crimes Enforcement Network (FinCEN) OMB... impose a special measure against Banco Delta Asia as a financial institution of primary money laundering...: Businesses or other for-profits. Estimated Total Reporting Burden: 5,000 hours. Bureau Clearance Officer...

A General Outlook to the Endogenous Money Theory

OpenAIRE

ÖZGÜR, Gökçer

2008-01-01

The purpose of this study is to shed light on theorigins of the endogenous money theory and analyze the currentdebates on this topic. Endogenous money approach depends on a fundamental postulate: As banks meet the credit needs ofnon-financial businesses, new deposits emerge in the banking sector. Similarly,as the necessary reserves found for these new deposits the broad money expandsas well. Even though the central bank can intervene into this process it cannotfully control it. There...

Anti-Money Laundry regulation and Crime: A two-period model of money-in-the-utility-function

OpenAIRE

Fanta, F; Mohsin, H

2010-01-01

The paper presents a two period model with two types of money i.e. dirty and cleans (legal) money in utility function. Clean money is earned from working in legal sector and dirty from illegal sector. Our two-two period model reveals that an increase in labor wage in legal sector unambiguously decease the labor hours allocated for illegal sector by increasing the opportunity cost for illegal activities. However, the crime-reducing impact of anti-money laundry regulation and the probability of...

A financial and moral perspective of the impact of economic crime on taxation / Andries Petrus Swanepoel

OpenAIRE

Swanepoel, Andries Petrus

2013-01-01

Fraud, corruption, and related taxation consequences from a financial and a moral perspective were investigated in this study. A literature review of tax ethics, tax morality, tax conduct, tax planning, tax avoidance, tax evasion, tax fraud, white-collar crime, fraud, money laundering, corruption and corporate governance are presented. The research methodology and empirical investigation followed, the research results achieved, and the conclusions and recommendations made, are also presented....

Where to put your money to get their money: a bank advertising awareness study

OpenAIRE

James B. Bexley; Karen Sherrill

2017-01-01

Commercial banks have many options when selecting an advertising medium. Where should a bank put its money in order to obtain the highest return? Should this medium change based on the target audience? This paper examines a number of different mediums for bank advertising and analyzes by age and by gender the efficacy of each. The authors administered a survey to over three hundred participants of varying ages asking them if they have seen bank advertisements on television, social media or th...

RESEARCH OF PROCESS OF FINANCIAL MONITORING ORGANIZING IN BANKS

Directory of Open Access Journals (Sweden)

Viktoriia Kovalenko

2017-03-01

Full Text Available The article aims to study methods and tools for financial monitoring by banks. It is proved that one of the main global financial problems in recent years is increasing number of cases of banks participating in the money laundering. It causes banks huge losses, undermines the credibility of honest depositors, in addition, circulation of funds like these hurts the national economy. The article is to develop recommendations to improve the effectiveness of financial monitoring in banks. It is proved that the current model of the national financial monitoring system includes the following elements: the purpose of macroeconomic and microeconomic levels; principles; function; facilities; subjects; types of financial monitoring; methods of implementation and regulatory prevue regulation. It is proved that the major problems related to the financial monitoring of banks are the following: lack of legislatively established quality requirements of customer information; persons engaged in legalization of illegal incomes are highly qualified, which greatly facilitates them through the bank of suspicious transactions; the process of settlement bank failure in the conduct of questionable transactions. Keywords: financial monitoring, suspicious transactions, bank, money laundering, financing of terrorism.

Money and the Transmission of Monetary Policy

OpenAIRE

Seth Carpenter; Selva Demiralp

2009-01-01

The transmission mechanism of monetary policy has received extensive treatment in the macroeconomic literature. Most models currently used for macroeconomic analysis exclude money or else model money demand as entirely endogenous. Nevertheless, academic research and many textbooks continue to use the money multiplier concept in discussions of money. We explore the institutional structure of the transmission mechanism beginning with open market operations through to money and loans to document...

Money Marries Money - Intergenerational Top Household Income Mobility in Denmark

DEFF Research Database (Denmark)

Bonke, Jens; Hussain, M. Azhar; Munk, Martin David

2016-01-01